Radnor, PA, July 27, 2021 – Milestone Partners is pleased to announce that specialty insurance holding company, Insure Homes Holdings LLC (together with its affiliates, “Insure Homes”) has completed its investment in StrucSure Home Warranty, LLC and affiliated reinsurance and insurance service entities (“StrucSure”).
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.
Adam Curtin, Partner at Milestone, stated: “StrucSure is a market leader and the opportunity to leverage its brand and builder relationships within the Insure Homes enterprise is highly compelling, particularly in light of housing market trends.”
Jerry Thompson, CEO and founder of StrucSure said: “We are looking forward to our partnership with Milestone and the Insure Homes team. Having served new-home builders and their customers for over two decades, the opportunity to better serve these clients through enhanced insurance offerings entrenches StrucSure as a key provider in the growing new home market.”
“Partnering with StrucSure provides significant opportunity to expand our product offering through new and existing customers further establishing Insure Homes as a market leader in protecting the home, life’s biggest investment,” said Joe King, Co-CEO of Insure Homes.
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.