Patriot Growth Acquires Prospera Risk Advisors: Expanding Insurance Expertise in Texas
Texas Agency Adds Depth to Patriot Growth's National Insurance Portfolio
Dallas, TX – August 3, 2023 – Patriot Growth Partners ("Patriot Growth"), a leading provider of insurance services, announced today the acquisition of Prospera Risk Advisors ("Prospera"), a Texas-based insurance agency. This strategic acquisition expands Patriot Growth's footprint in the growing Texas insurance market and adds Prospera's expertise in property and casualty, employee benefits, and personal lines insurance to the Patriot Growth portfolio.
Headquartered in Austin, Texas, Prospera has a long history of providing comprehensive insurance solutions to businesses and individuals throughout the state. The agency's deep local roots, combined with its team of experienced insurance professionals, have made Prospera a respected leader in the Texas insurance landscape.
The acquisition of Prospera aligns with Patriot Growth's strategy of partnering with leading insurance agencies to deliver exceptional insurance solutions to clients nationwide. Prospera's strong customer base, underwriting expertise, and commitment to service excellence will enhance Patriot Growth's ability to meet the diverse insurance needs of clients in the Lone Star State.
Enhanced Insurance Capabilities for Texas Clients
By joining forces with Patriot Growth, Prospera will gain access to a broader range of insurance products and services, including specialized programs, risk management services, and employee benefits solutions. This enhanced suite of offerings will enable Prospera to provide even more tailored and comprehensive insurance solutions to its Texas clients.
Key Benefits of the Acquisition:
- Expands Patriot Growth's presence in Texas, one of the fastest-growing insurance markets in the country.
- Adds Prospera's expertise in property and casualty, employee benefits, and personal lines insurance to Patriot Growth's portfolio.
- Provides Prospera with access to Patriot Growth's broader range of insurance products and services.
- Enhances Patriot Growth's ability to deliver tailored insurance solutions to meet the diverse insurance needs of clients in Texas.
Shared Commitment to Client Service
Both Patriot Growth and Prospera share a deep commitment to providing exceptional client service and building long-term relationships. The combined organization will leverage its collective knowledge, resources, and experience to provide clients with the highest levels of support and expertise.
Patriot Growth CEO Patrick Walsh on the Acquisition:
"We are thrilled to welcome Prospera Risk Advisors to the Patriot Growth family. Their strong reputation, deep industry expertise, and unwavering commitment to client service make them an ideal partner for us. This acquisition is a testament to our commitment to growing our presence in Texas and providing our clients with access to the best possible insurance solutions."
Prospera CEO Chris Burba on Joining Patriot Growth:
"We are excited to join forces with Patriot Growth, a recognized leader in the insurance industry. This partnership will enable us to expand our capabilities and deliver even greater value to our clients. We are confident that our shared commitment to excellence will result in a seamless transition and a mutually beneficial relationship."
About Patriot Growth Partners
Patriot Growth Partners is a leading insurance services provider focused on acquiring and growing independent insurance agencies. Patriot Growth provides a wide range of operational support, technology, and capital resources to its partner agencies, enabling them to grow their businesses, provide superior customer service, and achieve operational excellence. Patriot Growth is backed by Apax Partners, a leading global private equity firm.
About Prospera Risk Advisors
Prospera Risk Advisors is an Austin, Texas-based insurance agency providing a comprehensive range of insurance solutions to businesses and individuals throughout Texas. The agency specializes in property and casualty insurance, employee benefits, and personal lines insurance. Prospera is known for its customer-centric approach, underwriting expertise, and commitment to delivering tailored insurance solutions that meet the unique needs of its clients.
Media Contact:
Patriot Growth Partners
media@patriotgrowthpartners.com
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