Hankey Group External
Hankey Group External Overview
Industry
About Hankey Group External
The Hankey Group, headquartered in Los Angeles, California, is a diversified conglomerate with a rich history spanning over five decades. Established in 1972 by Don Hankey, the group has expanded its operations across various sectors, including automotive, finance, technology, real estate, and insurance.
Automotive Services
The group's automotive division is anchored by Westlake Financial Services, founded in 1978. This technology-driven, privately held finance company specializes in the acquisition and servicing of prime to sub-prime automotive retail installment contracts.
Westlake Financial collaborates with a vast network of over 25,000 new and used car dealerships across the United States, facilitating accessible financing solutions for a diverse clientele.
In 1988, the Hankey Group acquired North Hollywood Toyota, one of the San Fernando Valley's leading dealerships for new and certified used Toyota vehicles. This acquisition significantly boosted the group's presence in automotive retail.
Financial Services
Hankey Capital is a private direct lender offering bridge financing from $5 million to over $300 million, secured by real estate in California. It specializes in time-sensitive and value-added deals underserved by traditional banks, having originated over $4 billion in the last decade.
Hankey Investment Company is a private real estate investment firm focused on Southern California. Managing assets valued at over $2 billion, the company owns and operates commercial properties and urban development land.
Technology and Software Development
Nowcom Corporation, established in 1996, develops technology solutions for automotive dealers and financial services. With offices in Los Angeles, the Philippines, and India, it employs over 1,792 employees.
Nowcom produces industry-leading technology including DealerCenter, a dealer management system, a CRM application, and websites serving over 13,000 dealerships.
Insurance Services
Knight Insurance Group provides capital support and underwriting for niche property and casualty insurance programs. Operating with approximately $1.8 billion in assets, Knight partners with select General Agents and Program Administrators to distribute admitted and non-admitted products through carrier and reinsurance companies.
Real Estate and Development
Hankey Investment Company focuses on investment, development, and finance in Southern California. It owns over a million square feet of commercial property and 500,000 square feet of urban development land, valued at over $1 billion.
The company's development program transforms underutilized properties into vibrant multifamily and mixed-use communities in areas such as:
- Koreatown
- Downtown Los Angeles
- Wilshire Boulevard
Global Presence
While primarily based in Los Angeles, the Hankey Group has expanded subsidiaries nationally and internationally. Nowcom Corporation maintains offices in the Philippines and India, highlighting the group's commitment to global expansion and technological innovation.
Company Locations
- Los Angeles, CA, USA
- Philippines
- India
Through strategic diversification and innovation, the Hankey Group has solidified its position as a leader in automotive, finance, technology, real estate, and insurance industries, adapting to meet the evolving needs of its diverse clientele.