Confie Seguros Adds Four Insurance Brokers

Confie Seguros, which is backed by ABRY Partners, has acquired four regional insurance brokerages in Florida and Nevada. The buys include Maurisset Insurance, CNS Insurance Services, and Briar Bay Insurance, as well as Got Insurance of Las Vegas, N.V. Financial terms were not announced.

PRESS RELEASE

Confie Seguros, a rapidly growing national provider of

personal lines insurance focused on the needs of Hispanic consumers, today announced the

acquisition of four regional insurance brokerages in Florida and Nevada, which will further

expand the company’s operations in its existing markets.

 

Confie Seguros completed the acquisitions of Florida-based Maurisset Insurance, CNS Insurance

Services, and Briar Bay Insurance, as well as Got Insurance of Las Vegas, NV.

 

Joe Waked, CEO of Confie Seguros, said, “We are pleased to welcome these growing and well

run agencies into our expanding portfolio of companies. We have now completed 19 transactions

in 2012, an achievement which is representative of our very robust pipeline of potential

transactions in this fragmented industry.” Mr. Waked added that the company is currently

evaluating strategic targets in other states.

 

Confie Seguros has built a national portfolio of regional auto insurance brokerages. The

company was rated among the top 10 in revenues in Insurance Journal’s latest top 100 ranking

of insurance agencies and in Best’s Review’s 2012 Top 20 Global Insurance Brokers.

 

About Confie Seguros

Established in 2008, Confie Seguros is a leading, California-based national insurance distribution

company primarily focused on the insurance needs of Hispanic consumers. The experienced

Confie Seguros management team, led by CEO Joe Waked, continues to build Confie Seguros’

portfolio of regional auto insurance brokerages, and today it has annual revenue of over $200

million with more than 300 retail locations. The company has leading market positions in

California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, and Nevada

and expects to continue its expansion in those and other states, including Illinois, Georgia, and

the Carolinas. Confie Seguros is a portfolio company of ABRY Partners. For more information

about Confie Seguros, please visit www.confieseguros.com.

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