Confie, a U.S. independent personal lines distributor, will acquire Velox Insurance as an affiliate to its nonstandard national brand, Freeway Insurance. The acquisition includes all 40 locations in Georgia, tripling Confie’s presence in the state, as well as two Florida franchise locations.
Freeway Insurance will retain all current Velox Insurance employees and franchise holders, including founder Jose L. Robayo-Ramirez, as well as hire additional staff as it continues to expand its footprint and offerings in Georgia.
In June 2021, Freeway Insurance announced it would begin offering franchising opportunities for the first time in the company’s history.
This acquisition is the eighth of the year for Confie, making a total of 149 since the company was founded in 2008. Confie is gaining traction in the personal lines industry, and it is equipped to continue its growth strategy heading into 2022, according to a company press release.
Source: Confie
Topics Mergers & Acquisitions Georgia
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