Fiesta Insurance acquires Texas-based La Familia Agency

Fiesta Insurance, a Nevada-based retail franchisor of insurance and tax services, has acquired La Familia Agency (LFAI), a Texas-based insurance agency for an undisclosed price.

Through the acquisition, Fiesta Insurance is said to have grown its presence in Texas, and within corporately owned storefront locations.

Based in Dallas, La Familia Agency distributes insurance and other services across 67 retail storefronts to serve the Hispanic community. The company was established in 2010 and has more than 200 employees.

On the other hand, Fiesta Insurance, which was established in 1999, has more than 80 franchisees operating more than 240 retail stores in 10 US states.

Danish Charanya – co-founder and President of La Familia Agency said: “We are very excited to join an amazing team, who, like us, works extremely hard to serve the Hispanic community in their local neighborhood.

“This is great news for our customers, and our employees.”

La Familia Agency will maintain the La Familia Auto Insurance brand and the company-owned storefront business model.

John Hollar – CEO of Fiesta Insurance said: “We welcome LFAI, their knowledgeable and experienced management team and employees, and are thrilled to add such an innovative, fast-growing organization that complements our mission of serving the Hispanic community.

“We are excited to continue to provide the highest service standards while helping our clients navigate required and essential, but often confusing, financial products like insurance and tax services.”