Palladium Equity Partners Report Investment in Pronto Insurance

Palladium Equity Partners has made an investment in Pronto General Agency and its affiliates.

In its release on Oct. 1, the Company said that Palladium holds a majority ownership interest in Pronto Insurance. The company's leadership team, comprised of members of the Varela family and other executives, has retained a significant minority ownership interest.

"We are excited that Pronto Insurance has joined the Palladium family of companies, and we look forward to partnering with a firm that has significant experience in growing Hispanic-focused businesses," said Rafael Varela, founding partner of Pronto Insurance. "We share a vision for Pronto Insurance's great potential and we intend to pursue a course of strategic growth and focused investment in the months and years ahead."

"Pronto Insurance has established a terrific position in the non- standard auto insurance space, with a strong brand focused on the Hispanic market, multiple channels of distribution, and an attractive Southwest footprint," said Erik Scott, a Managing Director of Palladium. "We look forward to working with the Pronto Insurance leadership team to continue to grow the company organically by delivering a compelling mix of innovative services to its clients, as well as by pursuing acquisitions that make strategic sense both within and outside of Texas."

Pronto Insurance was advised by Sica | Fletcher.

Pronto Insurance is a provider of auto insurance solutions and other insurance products.

Palladium Equity Partners is a middle market private equity firm.

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