Protector Holdings, a joint venture between Edgewood Partners Insurance Center (EPIC) and Dowling Capital Partners, has acquired SavePro Insurance Solutions, for an undisclosed amount.
Roger Bains and Paul Woodward had established SavePro (formally Bains and Woodward Insurance) in 2008 in Yuba City of California.
Later, it was expanded to Chico, Eureka and Oroville of California.
In 2012, SavePro recruited David Rosenberg to add commercial lines expertise to the agency, which helped to grow the company.
Protector acquired Premier Insurance Services in 2013, which provides different insurance products and services to the Hispanic market in the Western US.
Protector Holdings CEO Areida said the addition of Roger, Paul, David and the SavePro team strengthens firm’s operations in Northern California.
"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.
"The addition of SavePro is an important next step in continuing to take our vision and service to another level," Areida added.
EPIC is a retail property, casualty and employee benefits insurance broker/consultant, while DCP is a insurance-focused private equity firm.
Image: Protector has acquired Northern California’s SavePro Insurance Solutions. Photo: courtesy of adamr/ FreeDigitalPhotos.net.