Wingspire Capital has joined the senior secured credit facility for UniVista Insurance, a distributor of insurance products in Florida and Texas, with a $25 million commitment.
Founded as an independent family-owned insurance agency in Florida more than 15 years ago, UniVista Insurance has since grown to 22 corporate offices and more than 200 franchises.
“Wingspire Capital is pleased to support UniVista’s continued growth as it meets the insurance needs of customers across the southern United States,” said Brian Scully, Managing Director at Wingspire Capital.
Wingspire Capital partnered with other leading credit investors, including Everberg Capital, on the transaction.
“We are excited to welcome Wingspire into the UniVista facility and appreciate their thoughtful approach and collaborative spirit throughout the process,” said Michael Bower, Senior Vice President at Everberg Capital.
UniVista is a portfolio company of GRAM ABF.
