ABRY Partners News

Abry Partners Agrees to Acquire Portfolio in California from Capital Z

Abry Partners has agreed to acquire Lake Forest, Calif.-based Portfolio Holding Inc. from Capital Z Partners LP. The deal is subject to normal and customary closing conditions. Terms were not disclosed. All of Portfolio’s current management team will remain in …

Confie Secures $220M Credit Facility for Continued Expansion

Personal lines insurance broker Confie said it has closed on a new $220 million credit facility, led by Goldman Sachs and Barclays. In addition to the refinancing, Confie said it has a $90 million revolving credit facility which is undrawn …

Confie’s Rothberg Exits California-Based Nonstandard Auto Insurance Giant

Adios Mordy Rothberg. One of the men behind Confie Seguros, a nonstandard auto insurance giant with an emphasis on serving Hispanic consumers that has been on an agency buying spree since it started in 2008, is calling it quits. Rothberg, …

Auto Insurance Broker Confie Battles JC Flowers Over Failed Acquisition

It took just 78 days for a deal involving billionaire J. Christopher Flowers to blow up. Confie Seguros Holding II Co., an owner of auto-insurance brokerages that cater to Hispanic drivers with spotty credit, paid $100 million for another brokerage …

The Hilb Group Acquires Indiana’s Insurance Trustees

The Hilb Group LLC (THG) announced today the acquisition of Insurance Trustees Inc. in Garrett, Indiana. Founded over 100 years ago, Insurance Trustees offers a wide range of property/casualty and employee benefits insurance products and services for businesses and individuals …

NSM Forms Joint Venture with Massachussetts-Based ABRY Partners, AIG

NSM Insurance Group, an insurance program administrator based in Pa., has agreed to enter into a joint venture with Massachussetts-based private equity investment firm, ABRY Partners, and AIG. Through this partnership, NSM Insurance Group aims to quickly grow and diversify …

Confie Acquires Florida-Based Most Insurance

Confie, a national provider of personal and commercial lines insurance, has acquired Most Insurance, LLC of Tampa, Fla. Established by Bob Most in 1973, Most Insurance, LLC is a family owned and operated business. With three locations in the metro-Tampa …

Confie Acquires Alabama, New York, Florida Brokers

National personal lines insurance broker Confie said it has acquired four insurance brokers with locations in Alabama, western New York and Florida. Confie acquired TS Insurance Group which specializes in non-standard auto insurance, and operates five locations in Montgomery, Abbeville, …

Sica | Fletcher Leads The Hilb Group to an Investment by ABRY Partners

TRANSACTION MARKS INSURANCE M&A ADVISORY FIRM’S 13th TRANSACTION OF 2015 New York, NY, June 26 2015–The Hilb Group, LLC has announced that leading private equity firm ABRY Partners, headquartered in Boston, Mass., has completed a significant investment in the insurance …

ABRY Partners Replaces BHMS as Investor in Hilb Group Expansion

Boston-based private equity firm ABRY Partners has completed a significant investment in the The Hilb Group, a Richmond, Virginia-based insurance group. In connection with the transaction, The Hilb Group said its current private equity partner, BHMS Investments, which came onboard …