Confie Seguros Acquires Capital Insurance Agency in New Jersey

Hispanic market-focused insurance agency network Confie Seguros announced the acquisition of Capital Insurance Agency of Trenton, N.J.

Capital Insurance has been in business since 1935 and specializes in personal insurance lines, as well as commercial insurance.

Confie Seguros CEO Joe Waked said the latest acquisition would help strengthen the company’s focus on New Jersey and the surrounding region. Confie Seguros also recently added Jayla Insurance Agency as a fold-in acquisition for its Paterson, N.J. office.

Confie Seguros said it has acquired four firms thus far in 2013 and that it expects to complete a number of additional transactions in the second half of the year. The company made 22 acquisitions in 2012.

Established in 2008, Confie Seguros is a Calif.-based national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. It currently has annual revenue of over $200 million with more than 300 retail locations. It is a portfolio company of ABRY Partners.