Edgewood Partners Insurance Center (EPIC) and Dowling Capital Partners joint venture Protector Holdings has acquired California-based Peartree Insurance Services.
Terms of the deal were not disclosed.
Peartree provides insurance services to Hispanic consumers. It writes auto, motorcycle, RV, boat, homeowners and renters insurance coverage from additional California locations in Ontario, Whittier, Van Nuys and San Jose.
Protector Holdings CEO Paul Areida said: "The addition of Peartree to our Premier Insurance Services brand portfolio makes Premier the fastest growing agency in California serving the Latino Marketplace.
"We now have 25 Premier locations across California and the West, including offices in two new communities; Whittier and San Jose."
Protector Holdings acquired Premier Insurance Services in 2013, which is in line with the current deal.
Established in 2004, Premier offers a wide range of insurance products and services for Hispanic community in California.
Areida further added: "Seeing a growing dissatisfaction with the large agencies professing to serve the Hispanic Community, we recognized an opportunity to align Premier’s business model and practices with the traditional, conservative culture and shopping preferences of Hispanic consumers, emphasizing convenience, honesty, service and value."
Image: Peartree provides auto, motorcycle, RV, boat, homeowners and renters insurance services. Photo: courtesy of Stuart Miles/ FreeDigitalPhotos.net.