Australis Partners, a New York private equity firm focused on investments in Latin America, has agreed to buy Sekura Controladora, an insurance, surety and affinity brokerage that serves more than 550 corporate clients throughout Mexico, for undisclosed terms. As part of the transaction, Arpa Capital and non-executive shareholders exited from the ownership of Sekura.

“Insurance continues to be underpenetrated in Mexico with attractive growth potential given changing demographics and a growing middle class,” says Australis partner Alex Manzo. “Australis Partners plans to continue supporting the company’s growth in the insurance brokerage and affinity businesses in Mexico, further solidifying its position as a market leader by expanding product offerings, driving operational improvements, and exploring partnerships and acquisitions in the region.”