COVU, Inc., an AI-native customer servicing platform for the insurance industry announced the acquisition of Uno Insurance Services, a fast-growing Texas-based agency with a stronghold in Houston’s Spanish-speaking communities and a track record of revenue growth through targeted acquisitions.
This marks COVU’s second acquisition and the company’s first major acquisition in the Texas market. The company said the move demonstrates the scalability of its platform to serve both urban and culturally diverse populations.
Led by principal Eddie Vitale, Uno Insurance Services has grown revenues an average of 26% over the past three years by acquiring and integrating small local agencies throughout the Houston area, according to a COVU statement. The agency has a primarily Spanish-speaking customer base, and strong carrier relationships including Progressive, Southern Vanguard, and Allstate.
Topics Mergers & Acquisitions Texas
Was this article valuable?
Here are more articles you may enjoy.
CRC Group Signs Agreement to Acquire Euclid Transactional
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In
Private Equity Firms Expected to Unleash Middle-Market M&A Deals, Survey Says
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 

