ABRY-backed Confie makes two acquisitions


Confie, a portfolio company of ABRY Partners, has made two acquisitions: Little Falls, New York-based Day & Read Inc, a personal and commercial lines property and casualty insurance agency; and Ellensburg, Washington-based Blue Ridge Insurance, a personal lines focused insurance agency. No financial terms were disclosed.

PRESS RELEASE

HUNTINGTON BEACH, Calif., Feb. 9, 2018 /PRNewswire/ — Confie, a national provider of personal and commercial lines insurance, announced today its first two acquisitions of 2018 – Day & Read, Inc. in Little Falls, NY and Blue Ridge Insurance of Ellensburg, WA.

Day & Read Inc. is the premier personal and commercial lines property and casualty insurance agency in Central New York, with five locations throughout the Mohawk Valley region. Blue Ridge Insurance has served its community for over 50 years and is a preferred personal lines focused insurance agency. Confie will retain the employees of both companies.

Cesar Soriano, Chief Executive Officer of Confie, said, “Day & Read and Blue Ridge are outstanding independent agencies and both are a strong fit as we continue to broaden our family of companies and continue our goal of becoming the nation’s leading personal lines insurance broker. As we build our strong presence in New York, Day & Read will serve as a hub for the central region of New York. Blue Ridge expands our existing presence in Washington state and we look forward to adding Confie’s scale and expertise. We continue to evaluate a strong and robust pipeline of pending acquisitions and look forward to completing those transaction in the year to come.”

In less than 10 years since its founding in 2008, Confie has grown organically and through acquisitions to become the nation’s largest privately-held personal lines insurance brokerage.

About Confie
Established in 2008, Confie is a leading national insurance distribution company primarily focused on personal lines and small commercial insurance. The experienced Confie management team continues to build Confie’s portfolio of regional personal lines brokerages. Today, Confie has nearly 800 retail locations. The company has leading market positions in California, Arizona, Texas, Florida, Washington, Oregon, Massachusetts, New York, New Jersey, Nevada, Illinois, Alabama, Kansas, Wisconsin, South Carolina, Missouri, Louisiana, Indiana and New Mexico and expects to continue its expansion in those and other states. Confie is a portfolio company of ABRY Partners. For more information about Confie, please visit www.confie.com.

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