In March 2014, we acquired a majority stake in Celestite, a managing general agency focused on the nonstandard auto insurance market. Celestite, founded in 2007, manages insurance products and reinsurance, from policy issuance through claims, on behalf of insurance and reinsurance companies, serving both producers and policyholders.
In December 2015, we invested in Embark General, a full-service managing general agency that provides sales distribution, underwriting, policy administration, and claims processing across personal and commercial insurance lines. Embark partners with a variety of carriers and independent agents across the United States.
In May of 2011 we acquired J.D. Byrider, the Indianapolis-based leading used car sales and finance business consisting of 127 franchised and company-owned dealerships in 29 states.
In October 2016, we invested in Kuvare Holdings, a growth-oriented insurance holding company focused on providing life insurance and annuity solutions to middle-market customers. Kuvare’s first acquisition was Baton Rouge, LA-based Guaranty Income and Life Company (GILICO), which will serve as the operating platform for future organic and inorganic growth.
In September 2011, we provided capital to support McLarens, a global insurance loss adjuster, in its merger with Airclaims (now McLarens Aviation), the loss adjusting leader in the aviation industry. McLarens performs claims management, loss adjusting, pre-risk and damage surveying, and auditing services for companies throughout the world.
In May 2012, we made an investment in Meta Financial Group, the holding company for MetaBank, a regional commercial and consumer bank headquartered in Storm Lake, IA. The company was founded in 1954 and, in addition to its banking business, operates Meta Payment Systems, a leading payments services business.
In December 2013, we invested in Wunderlich, a leading regional full service investment firm headquartered in Memphis, Tennessee. Formed in 1996, Wunderlich has grown significantly from a single office in Memphis with 8 professionals, to 29 offices in 16 states with more than 450 associated professionals.