MIAMI, April 5, 2016 /PRNewswire/ -- Windhaven™ Insurance has acquired ATX Premier, a Texas-based property and casualty provider, in an agreement with NationsBuilders Insurance Services, Inc. (NBIS).
Jimmy E. Whited, President and CEO of Windhaven™ Insurance, said today's acquisition is a win for local agents around the country as well as for Windhaven™.
"Local agents are at the heart of our organization," he said. "Unlike most carriers, we innovate for local agents to help them compete and grow."
Whited said Windhaven™ has both a local agent app and a consumer app. Additionally, Windhaven™ created Clutch Insurance, which offers ecommerce to local agents, who can now turn their websites into a sales channel and give potential consumers an amazing value proposition: compare auto insurance quickly and bind online while connecting to a local agent in their neighborhood for personal service. The ATX deal will now allow more local agents around the country to compete with bigger auto carriers online.
Windhaven™ Insurance has emerged from writing policies in a Miami apartment a decade ago into one of the fastest-growing carriers in the nation with the potential to scale even more rapidly into additional states.
"We have a successful data-driven business model, a strong internal culture built around core values, and a prosperous brand dedicated to local agent success," said Whited. "We look forward to leveraging this acquisition into rapid growth in new states and driving local-agent business."
GC Securities, the investment banking arm of Guy Carpenter and a division of MMC Securities LLC, is serving as exclusive financial advisor to Windhaven. Stonybrook Capital is serving as exclusive financial adviser to NBIS.
About Windhaven™ Insurance
Windhaven™ Insurance is an auto insurance carrier that has written more than $1 billion in premiums. Headquartered in Miami with offices in Tampa, the Philippines, Panama, and Dallas, and a software company, Clutch Analytics, housed in Austin, Windhaven™ Insurance provides coverage to some 200,000 policyholders through 2,000 local agents. An employer of close to 400 "Windies," South Florida Business Journal named Windhaven™ Insurance among the "Best Places to Work." www.windhaveninsurance.com
About NationsBuilders Insurance Services
NationsBuilders Insurance Services, Inc. is the premiere provider of insurance and risk management solutions to the heavy construction industry and the exclusive provider for the Specialized Carriers & Riggers Association and the American Concrete Pumpers Association (ACPA). www.nbis.com
About SunTx Capital Partners
Founded in 2001, SunTx Capital Partners, LP, a Dallas-based private equity firm with more than $600 million in assets, provides operational and financial expertise to the middle-market manufacturing and service sectors in the southern United States. SunTx capital is generated from principals, established university endowments and corporate and public pension funds. www.suntx.com
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SOURCE Windhaven™ Insurance