ABRY Partners’ Confie Seguros Acquires Two Insurance Companies

Confie Seguros, a portfolio company of ABRY Partners, said on Monday that it has acquired CW Baker Insurance Agency and Lewiston Insurance Agency. No financial terms were disclosed. CW Baker Insurance Agency and Lewiston Insurance Agency, both located in upstate New York, are providers of standard and preferred personal insurance.

PRESS RELEASE

NEW YORK, July 1, 2013 – Confie Seguros, a rapidly growing national provider of personal lines insurance, today announced the acquisition of CW Baker Insurance Agency and Lewiston Insurance Agency, two providers of standard and preferred personal insurance located in upstate New York near Niagara Falls, as part of its strategy to build out its geographic footprint throughout New York State.
CW Baker and Lewiston specialize in the delivery of quality personal insurance products and commercial insurance products for small to medium size businesses. CW Baker Insurance Agency in Lockport, NY, was founded in 1928 and is an independently owned agency providing personal and commercial lines insurance. Lewiston Insurance Agency in Lewiston, NY, is a full-service, independent agency, specializing in property and casualty insurance for personal and business accounts, including municipalities. Timothy J. Smith of CW Baker and Margaret Toohey of Lewiston will continue with their respective organizations to help further build those companies.
Joe Waked, CEO of Confie Seguros, said, “The staffs of both companies remain in place to deliver the same professional standard of operation that has existed since each agency’s founding. We are very pleased that Tim and Margy will continue to work with us to further grow our business in Western New York and to help integrate and manage the operations of both agencies.”
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 informationabout Confie Seguros, please visit www.confieseguros.com.

 

 

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