The transaction values UniVista at over $700 million and marks a significant milestone in the company’s growth trajectory.

As part of the agreement, UniVista’s management team, employees, and current capital partner, Avance Investment Management, will retain meaningful stakes in the business. The investment will drive UniVista’s expansion into new markets, product categories, and business channels, strengthening its position in the insurance distribution space.

Founded in 2009 as a family-run business, UniVista has become a multi-channel leader, offering a wide range of insurance products, including auto, home, commercial, life, and health insurance. The company serves its customers through a network of over 200 franchised stores, 15 corporate locations, a call center, and a managing general agent (MGA) operating under the “Loyalty Underwriter” brand. Leveraging data, technology, and analytics, UniVista ensures high customer satisfaction and community engagement while fostering employee development.

With the GRAM ABF investment, UniVista plans to accelerate its core offerings and expand its footprint through franchise and corporate store growth in Florida, Texas, and other regions across the U.S. The company will continue to be led by its Founder and CEO, Iván Herrera, alongside the existing management team.

“We are excited to embark on our next phase of growth with the GRAM ABF team,” said Herrera. “I am incredibly proud of the business we have built on principles of honesty, integrity, and teamwork. GRAM ABF’s investment is a testament to our unique business model and commitment to serving Hispanic communities.”

Eduardo Ramos, Managing Partner of GRAM ABF, emphasised the alignment between the two organisations. “Since launching GRAM ABF less than a year ago, we could not be more excited to partner with the founders and management team of UniVista in our inaugural investment. We look forward to driving value for the business in this next chapter.”

Marco Peschiera, CEO and CIO of GRAM, noted, “UniVista exemplifies the type of essential services businesses we aim to support. Its alignment with our investment thesis and the favorable market dynamics position the company for continued success.”

Avance Investment Management, which partnered with UniVista three and a half years ago, praised the company’s achievements during their collaboration. “UniVista has nearly tripled in size, expanded its customer base, introduced new product lines, and entered new markets like Texas,” said Luis Zaldivar, Managing Partner of Avance. “We are proud of their growth and excited to remain involved as they capitalize on future opportunities with GRAM ABF.”

Piper Sandler & Co. acted as exclusive financial advisor to Avance and UniVista, with legal counsel provided by Greenberg Traurig, LLP. GRAM ABF was advised by William Blair & Company, Akerman LLP, Debevoise & Plimpton, and McDermott Will & Emery LLP. Financing for the transaction was led by Everberg Capital, supported by Crestline Investors and 26North Partners.

This partnership positions UniVista for significant growth, enhancing its ability to serve the Hispanic community and expand its presence in the competitive insurance distribution market.