Confie Seguros, a portfolio company of Abry Partners, has acquired Celestite Holdings from Altamont Capital Partners.
Founded in 2007 by Richard Asprey, Celestite Holdings, LLC (“Celestite” or the “Company”) is a leading non-standard auto (“NSA”) insurance managing general agency. Celestite underwrites policies, handles distribution and manages claims across four MGAs and nine programs in Texas and Georgia. Celestite has relationships with over 2,300 points of distribution representing 1,200 agents.
Following the transaction, Celestite management will assume leadership roles within Confie.