ABRY-backed Confie buys three insurance brokerages

Confie, which is backed by ABRY Partners, has acquired three insurance brokerage companies: Dallas-based Insurance King Auto Agency LLC; West Seneca, New York-based Schunke Insurance Agency Inc; and Bellport, New York-based Reynolds & Reynolds Agency Inc. No financial terms were disclosed. Also, Confie has opened its first office in Long Island.

PRESS RELEASE

HUNTINGTON BEACH, CA, August 3, 2015 – Confie, a national provider of personal lines insurance, announced today that it has acquired the business of three insurance brokerages that continue the company’s ongoing expansion in Texas and Upstate New York, in addition to strengthening the company’s presence in Downstate New York with its first office on Long Island.

Confie acquired the business of Insurance King Auto Agency, LLC, which has two locations in Dallas and writes personal lines insurance. The company is family owned and was established in March 2010. Schunke Insurance Agency, Inc., an independent insurance agency located in West Seneca, NY (near Buffalo), writes personal lines and small commercial insurance and was founded in 1985. The owner Richard P. Schunke and his son Rick Schunke, Jr. will continue with Confie to manage the operation.

Confie also acquired the business of Reynolds & Reynolds Agency, Inc., based in Bellport, NY on Long Island. The company was founded in 1974 and serves the Eastern end of Long Island with personal lines insurance.

Valeria Rico, Chief Executive Officer of Confie, said, “With the addition of Schunke Insurance Agency and King Auto Agency, we continue our expansion in New York and Texas. We are also very pleased to establish our first location on Long Island with the acquisition of a quality business that for over 40 years has served the local community in the Montauk area.”

Confie has acquired and successfully integrated over 80 businesses since its inception.

About Confie
Established in 2008, Confie is a leading, California-based 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, and today has annual revenue of over $470 million and over 670 retail locations. The company has leading market positions in California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, Nevada, Illinois, Alabama, Kansas, Wisconsin, South Carolina, Missouri, Louisiana, and Indiana and expects to continue its expansion in those and other states, including  Georgia, Virginia and North Carolina. Confie is a portfolio company of ABRY Partners. For more information about Confie, please visit www.confie.com.

com.