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.
US Efforts to End Iran War Stumble as Ship Seized Near UAE 
Billionaire Boehly’s Allies Donated Heavily to Kansas Insurance Regulator 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Hedge Funds Make Their Move as Litigation Finance Assets Slump 
