National wholesale broker Worldwide Facilities said that John Addeo, the founder of three national insurance brokerage companies, will be joining its board of directors.
In 2008, Addeo partnered with private equity firm Genstar to found Confie Seguros, a nationwide insurance brokerage firm that specializes in serving the needs of the Hispanic community. When Addeo sold the company to ABRY Private Equity five years later, it had grown to operate in 10 states, with 300 retail sales outlets.
He is also the founder of USI Insurance Services Corp., now owned by Onex Partners, and Alliant Insurance Services Inc., acquired by KKR.
Addeo, whose career spans 40 years, said he will help expand Worldwide Facilities “both organically and externally through acquisition.”
Was this article valuable?
Here are more articles you may enjoy.
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Fingerprints, Background Checks for Florida Insurance Execs, Directors, Stockholders? 
