Confie Seguros Acquires AA Insurance, Parietti & McGuire in New York

Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired AA Insurance Services and Parietti & McGuire Insurance in New York.

AA Insurance Services, founded in 1995 and based in Lockport, New York, is a standard personal lines agency specializing in auto and homeowners insurance.

Parietti & McGuire Insurance is a second generation family-owned business founded in 1964 and based in Monroe, New York. Parietti & McGuire specializes in providing auto, home and small commercial insurance.

Confie Seguros has market positions in California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, Nevada, Illinois, Alabama, Kansas, Wisconsin, South Carolina, Missouri, Louisiana and Indiana and expects to continue its expansion in those and other states, including Georgia, Virginia and North Carolina. Confie Seguros is a portfolio company of Boston-based private equity firm ABRY Partners.

Topics Mergers & Acquisitions New York