Baird's Investment Banking Group is pleased to announce the following transaction:

Date:
May 2021
Company:
Insurvia
Description:
Financing for the Acquisition of La Familia Agency, LLC
Sector(s):
Consumer
Technology & Services
Baird served as the exclusive debt advisor to Insurvia on this transaction

Insurvia, a portfolio company of Gemspring Capital (“Gemspring”), recently completed a secured debt financing (the “Financing”) in support of its acquisition of La Familia Agency, LLC (“LFA” or the "Company"). The Financing consisted of a senior secured term loan and revolving credit facility.

Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services with approximately 70 franchisees operating roughly 235 retail stores across nine states and a growing eCommerce platform, and Bravo General, a managing general agent (MGA) with an omnichannel distribution strategy serving the automotive market. Insurvia is headquartered in Las Vegas, Nevada.

Gemspring is a leading private equity firm with $1.1 billion of capital under management that provides flexible capital solutions to lower middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth and value creation. Target companies have up to $500 million in revenue and are in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors. Gemspring was founded in 2016 and is headquartered in Westport, Connecticut.

La Familia Agency, LLC is an independent insurance agency distributing insurance and services through retail storefronts in Texas. Formed in 2010, LFA has grown to approximately 67 stores and over 200 employees serving the Hispanic community. The Company is headquartered in Dallas, Texas.

For additional information about this transaction, please contact:

Anne-Marie Peterson +1-646-557-2334
Chris Sciortino +1-312-609-4923
Brian Cole +1-414-298-1702
Ryan Brunker +1-312-609-4679
Sarah Gaul +1-312-609-3333