Confie Seguros, a national group of personal lines insurance brokers, announced its acquisition of DeFranco Insurance Agency Inc. in Niagara Falls, N.Y.
DeFranco Insurance Agency specializes in the delivery and service of personal lines insurance products to the Niagara Falls, N.Y., region. DeFranco Insurance Agency was founded in 1970 by Murry DeFranco and has been a family-run business. Confie Seguros said the current staff at DeFranco Insurance will remain in place.
Established in 2008, Confie Seguros is a Calif.-based national insurance distribution company operating in 17 states and primarily focused on the insurance needs of Hispanic consumers. Confie Seguros, a portfolio company of Boston-based private equity firm ABRY Partners, has annual revenue approaching $300 million with more than 540 retail locations.
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
Insurify’s Founders Discuss Evolution of Insurance Shopping With AI 
Dubai Flights Disrupted After Drones Injure Four Near Main Airport 
CRC Group CEO on Casualty: ‘It’s More About the Coverage’ Than Price 
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 
