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.
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company 
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
Viewpoint: Insurance and AI – A Double-Edged Sword 
