Deal Details

Insurvia Completes Debt Financing to Support LFA Acquisition

Consumer
Technology & Services

Insurvia, a portfolio company of Gemspring, debt financing for acquisition of LFA

Summary

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.

Baird served as the exclusive debt advisor to Insurvia on this transaction.

About

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.

Consumer
Technology & Services

Insurvia, a portfolio company of Gemspring, debt financing for acquisition of LFA