COVU, Inc., a company focused on using artificial intelligence to improve customer service in the insurance sector, has announced its acquisition of Uno Insurance Services. This Texas-based agency is known for its strong presence in Houston’s Spanish-speaking communities and has shown impressive growth through strategic acquisitions.
This acquisition marks a significant step for COVU as it is their second overall and their first major move in Texas. The company aims to leverage its platform to cater to diverse urban populations effectively.
Uno Insurance Services, led by Eddie Vitale, has been successful in increasing its revenue by an average of 26% over the past three years. This growth has been achieved by acquiring smaller local agencies in the Houston area. The agency has built strong relationships with major insurance carriers like Progressive, Southern Vanguard, and Allstate, which further solidifies its position in the market.
COVU’s decision to acquire Uno reflects its strategy to expand its reach and enhance its service offerings, particularly in areas with significant cultural diversity. This move not only strengthens COVU’s portfolio but also highlights the growing importance of tailored insurance services for various communities.