Confie Seguros, a national provider of personal lines insurance based in Huntington Beach, California, announced that it has acquired two insurance brokerages in New York State, including its first location in New York City. Terms of the transactions were not disclosed.
Confie announced that it acquired R&R&R Brokerage Inc. in the Bronx, New York City, a provider of auto insurance founded in 1979. In addition, Confie said it expanded in Rochester, New York, with the acquisition of Eastern General Insurance Services Inc. which has five locations in Rochester and Buffalo. Eastern General is a family-owned business that has been owner-operated since the early 1980s offering auto insurance.
Established in 2008, Confie is a California-based national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. Confie said it continues to build its portfolio of regional personal lines brokerages, and currently has annual revenue of over $350 million and over 660 retail locations. Confie is a portfolio company of Boston-based private equity firm ABRY Partners.
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