Insurvia Is Acquired by BharCap

Technology & Services
Consumer

Insurvia, a portfolio company of Gemspring, sale to BharCap


Summary

Insurvia, LLC (“Insurvia”), a portfolio company of Gemspring Capital (“Gemspring”), has been acquired by BharCap Partners (“BharCap”). Terms of the transaction were not disclosed.

Baird served as sole financial 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 220+ locations across seven states, and La Familia Insurance, an independent insurance agency distributing insurance and related services through 70+ retail storefronts in Texas. Insurvia is headquartered in Las Vegas, Nevada.

Gemspring, a private equity firm with $3.5 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $1 billion 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 is headquartered in Westport, Connecticut.

BharCap is a private investment firm investing in businesses across the financial services industry including insurance distribution and insurance services; asset and wealth management; financial technology and tech-enabled business services. BharCap is a minority-owned and controlled firm and manages over $2.2 billion of capital across 11 investments since inception. BharCap is headquartered in Greenwich, Connecticut.
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Technology & Services
Consumer

Insurvia, a portfolio company of Gemspring, sale to BharCap

Date
March 2024
Company
Insurvia, LLC
Transaction
M&A - Sellside
Sectors
Technology & Services
Consumer
Verticals
Business Process Outsourcing
Multi-Unit, Restaurants & Franchising
Financial Services & Technology
Target Geography
North America
Acquiror Geography
North America

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