Confie Seguros Acquires 2 New York, 1 California Brokers

November 4, 2014

Confie Seguros, a national provider of personal lines insurance, has acquired three insurance brokerages, two in New York’s Buffalo area and one in California.

Confie Seguros acquired The Insurance Market Agency Inc. in Tonawanda, New York and Action Auto Insurance Agency Inc. in Cheektowaga, New York. Both Agencies have been part of the Buffalo community for many years and offer auto, homeowners and small commercial insurance.

Additionally, Confie said it has added Fast Quote Insurance in Ontario, California, which specializes in auto insurance from five Southern California offices.

Confie has acquired more than 70 businesses since its inception in 2008 and has grown to revenue of $350 million and 560 offices. Last month the company announced five acquisitions in New York, Washington and Texas. The California-based national insurance distribution company primarily focuses on the insurance needs of Hispanic consumers. Confie Seguros is a portfolio company of ABRY Partners.

Topics Mergers & Acquisitions California Agencies New York

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