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 specializes in providing automotive and related insurance products and services to the Hispanic community from its 67 locations across Texas and its retail operations infrastructure. LFA has been founder-owned and operated since inception and will continue to be led by its original founders.
“We are excited to join forces with the La Familia Agency team and are thrilled to partner with such an innovative, fast-growing organization that complements our mission of serving the non-standard insurance market,” said John Hollar, CEO of Insurvia. “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.”
“We are very excited to join an amazing team that, like us, works extremely hard to serve the Hispanic community in their local neighborhoods,” said Danish Charanya, co-founder and President of La Familia Agency. “This transaction is great news for our customers and our employees, and we are excited to capitalize on the functional synergies across our businesses.”