National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc.
Confie, a portfolio company of ABRY Partner, has completed 11 acquisitions thus far in 2016.
Sprague Insurance is a third generation agency that has been continuously owned and operated by the Sprague family since 1921. Based in Corning, Sprague offers personal lines and small commercial insurance. Andrew and Christine Sprague will continue in management capacities with the company and Sprague’s 12 employees will continue with Confie to operate the business.
J.N. Mason Agency, Inc. serves customers in New York and Pennsylvania from its New York locations in Hancock and Monticello, offering personal lines and small commercial insurance. J.N. Mason’s operations will continue at their two current locations and Confie is retaining all eight employees.
Confie is a California-based national insurance distribution company primarily focused on personal lines and small commercial insurance. Confie has 700 retail locations and generates annual revenues approaching $500 million.
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