Protector Holdings Acquires SavePro Insurance Solutions

Addition to Premier Insurance Services brand adds auto, homeowners and commercial insurance products and markets

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Photo: Premier Insurance Services

SAN FRANCISCO, Calif., Sept. 8, 2014 (SEND2PRESS NEWSWIRE) -- Protector Holdings, LLC, a joint venture of EPIC (Edgewood Partners Insurance Center) and Dowling Capital Partners, announced today the acquisition of Northern California's SavePro Insurance Solutions.

SavePro (formally Bains and Woodward Insurance) was founded in 2008 in Yuba City, Calif. by Roger Bains and Paul Woodward, and has expanded to Chico, Eureka and Oroville, Calif.

In 2012, SavePro added David Rosenberg to bring Commercial Lines expertise to the agency, which has resulted in significant growth for the company.

"The addition of Roger, Paul, David and the SavePro team strengthens our operations in Northern California and adds significantly to the coverage and markets that we can offer to the customers of Premier Insurance Services," said Protector Holdings CEO Paul Areida.

Premier Insurance Services, acquired by Protector Holdings in 2013, targets the growing Hispanic Community in California, providing a wide range of insurance products and services specifically tailored to the cultural preferences of Latino consumers.

"We saw a growing dissatisfaction with the large agencies monopolizing the market and professing to serve the Hispanic Community," said Areida. "We recognized an opportunity to align Premier's business model and practices with the traditional, conservative culture and shopping preferences of Hispanic consumers, emphasizing convenience, honesty, service and value."

"Respectfully serving the needs of Latinos has enabled Premier to more than double its customer base since becoming part of Protector Holdings in June, 2013," Areida added. "The addition of SavePro is an important next step in continuing to take our vision and service to another level."

About Protector Holdings:

Protector Holdings, LLC was founded in June 2013 as a partnership between EPIC (Edgewood Partners Insurance Center), a retail property, casualty and employee benefits insurance broker/consultant; insurance-focused private equity firm Dowling Capital Partners (DCP); and Premier Insurance Services.

Premier Insurance Services specializes in providing a range of insurance products and services to the Hispanic market in the Western United States. Since its formation in 2004 with a single office in Bakersfield, Calif., Premier has added locations across the state and is now one of the largest non-standard automobile brokers in California.

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REFERENCES: Premier Insurance Services, commercial insurance, Edgewood Partners Insurance Center, Dowling Capital Partners, insurance products and services to the Hispanic market, Latino consumers, news, press release from Protector Holdings, LLC, Sep 8, 2014, Mergers and Acquisitions, Insurance, Finance, San Francisco, California, Protector Holdings Acquires SavePro Insurance Solutions