Confie Seguros has acquired NII Brokerage, an agency with 26 offices concentrated in Upstate New York.
Confie Seguros is a private equity-backed firm that is building a nationwide brokerage business focusing on Hispanic insurance buyers.
The firm said NII’s significant presence in New York serves as a platform for Confie Seguros to expand throughout the Empire State, as well as into Connecticut and Pennsylvania.
With the addition of NII, the company said it will generate about $150 million in annual revenues.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Dubai Flights Disrupted After Drones Injure Four Near Main Airport 
Kyle Busch and Wife Settle Lawsuit With Pacific Life and Insurance Agent 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse 
