Insurvia, a Gemspring Capital portfolio company with holdings including Fiesta Insurance and Bravo General, has acquired La Familia Agency LLC, an independent insurance agency based in Dallas, Texas.
La Familia Agency (LFA) specializes in providing automotive and related insurance products and services to the Hispanic community across Texas through retail operations.
Formed in 2010, the company has grown to 67 stores and over 200 employees serving the Hispanic community, primarily in Dallas-Fort Worth, Waco and San Antonio. LFA has been founder-owned and operated since inception and will continue to be led by its original founders.
“LFA’s expertise in company-owned retail storefronts will allow us to accelerate our national expansion and strengthen Insurvia’s presence in the large and important Texas market,” Insurvia CEO John Hollar said in a media release.
Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a retail franchisor of insurance products and services with 70 franchisees operating 235 retail stores across nine states and a growing eCommerce platform, and Bravo General, an MGA with an omnichannel distribution strategy serving the automotive market.
Insurvia is headquartered in Las Vegas, NV. Gemspring Capital is a Westport, Connecticut-based private equity firm.
Source: Gemspring Capital
Topics Mergers & Acquisitions Texas
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