Excellere Partners, a Denver-based private equity firm, announced that its subsidiary, Personable Insurance, has acquired Endeavor General Agency LLC, a Royce City, Texas-based non-standard personal automobile managing general agency. The acquisition closed on May 16, 2012.
Personable, headquartered in San Diego, Calif., specializes in non-standard automobile insurance; the Endeavor acquisition is its second in the past six months.
Texas is the second largest non-standard auto insurance state in the United States, according to the Personable announcement.
Endeavor founder, John McKinney, will continue to work with Personable following the transaction on strategic matters and Michael Daul will serve as vice president of operations for Personable in Texas.
Personable Insurance provides non-standard personal auto insurance through independent agents in California, Texas, Georgia and Florida.
Source: Excellere Partners