Univest Bank and Trust Co. joined a senior credit facility led by Citizens Bank, N.A. to support Insure Homes in its acquisition. Waller Helms acted as exclusive financial advisor to StrucSure. Troutman Pepper Hamilton Sanders, LLP acted as legal advisor to Insure Homes and Milestone.
Milestone Partners announced that specialty insurance holding company, Insure Homes Holdings LLC has completed its investment in StrucSure Home Warranty, LLC and affiliated reinsurance and insurance service entities.
StrucSure offers insurance-backed new home structural warranties providing homeowners multi-year coverage for structural failures while transferring the home builder’s legal obligation to repair structural issues. StrucSure is a leading provider of warranties in the fast-growing Texas market, while continuing to expand its presence nationally serving mid-market builders. Founded in Denver, Colorado 24 years ago, StrucSure has warrantied over 100,000 homes for its builder and general contractor partners on behalf of consumers nationwide.
Insure Homes is a vertically integrated, specialty insurance holding company and one of Milestone Partners’ investments in the financial services industry. Within financial services, Milestone targets niche, high margin segments, often serving underserved sectors within insurance, specialty finance, financial technology, and asset management.
Troutman Pepper Partners Bruce Fenton (Picture), Donald Readlinger, Brad Boericke, Kathryn Nordick and Joan Arnold and Associates Laura Umbrecht and Tom Phelan advised Insure Homes and Milestone in the transaction and related financing.
Involved fees earner: Joan Arnold – Troutman Pepper Hamilton Sanders LLP; Bradley Boericke – Troutman Pepper Hamilton Sanders LLP; Bruce Fenton – Troutman Pepper Hamilton Sanders LLP; Thomas Phelan – Troutman Pepper Hamilton Sanders LLP; Kathryn Pourmand Nordick – Troutman Pepper Hamilton Sanders LLP; Donald Readlinger – Troutman Pepper Hamilton Sanders LLP; Laura Umbrecht – Troutman Pepper Hamilton Sanders LLP;
Law Firms: Troutman Pepper Hamilton Sanders LLP;
Clients: Insure Homes Holdings;