Miami, Fla.-based auto insurer, Windhaven Insurance, announced it has acquired ATX Premier, a Texas-based property/casualty provider, in an agreement with NationsBuilders Insurance Services Inc. (NBIS).
Technology-focused, Windhaven has both a local agent app and a consumer app. It also created Clutch Insurance, which offers e-commerce to local agents, who can now turn their websites into a sales channel and give potential consumers the ability to compare auto insurance quickly and bind online while connecting to a local agent in their neighborhood for personal service.
The ATX deal will now allow more local agents around the country to compete with bigger auto carriers online, the company said.
Windhaven Insurance began writing policies in a Miami apartment a decade ago .
GC Securities, the investment banking arm of Guy Carpenter and a division of MMC Securities LLC, is serving as exclusive financial advisor to Windhaven.
Stonybrook Capital is serving as exclusive financial adviser to NBIS.
Windhaven Insurance is headquartered in Miami with offices in Tampa, the Philippines, Panama and Dallas, and a software company, Clutch Analytics, housed in Austin,
NationsBuilders Insurance Services provides insurance and risk management products and services to the heavy construction industry.
Topics Mergers & Acquisitions
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