View this article online: https://www.insurancejournal.com/news/national/2014/08/06/336908.htm
Confie Seguros, a Huntington Beach, California-based national provider of personal lines insurance, has acquired three insurance brokerages.
Among these additions is Bower Insurance, an agency in Lockport, New York, providing auto, homeowners and small commercial insurance to the western New York region for over 50 years.
Also recently acquired is Guess Insurance Services. Based in Round Rock, Texas, the brokerage operates two locations and has been serving the rapidly growing Williamson County near Austin for almost 20 years.
Rounding out the list is the Alliance Insurance Agency Inc. in Charleston, South Carolina. The firm operates Van Robinson Insurance, which has been serving the greater Charleston area for over 43 years, and Coastal Insurance, a provider of non-standard personal lines insurance.
Confie Seguros said it now operates 48 locations in New York, 114 in Texas and 12 in South Carolina.
Established in 2008, Confie Seguros is a national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. The firm has grown to a retail organization with over 550 offices and annual revenue of more than $300 million and is continuing to build a portfolio of regional auto insurance brokerages.
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.