Confie Seguros, a portfolio company of ABRY Partners, has agreed to acquire three Buffalo, New York-based insurance agencies: Able Insurance Agency, Linda’s Able Insurance and Becker-Able Agency Inc. No financial terms were disclosed.
HUNTINGTON BEACH, CA, May 14, 2015 – Confie Seguros, a national provider of personal lines insurance, announced today that it has acquired three new insurance brokerages in Buffalo, New York, further building its presence in the region.
Confie acquired three agencies in Buffalo, all providing auto insurance – Able Insurance Agency, which has been serving the Buffalo community for over a decade; Linda’s Able Insurance, established in 1980; and Becker-Able Agency, Inc., which has been serving all of Western New York since 1993. The three former owners will continue with Confie as part of the company’s focus to maintain consistency of management.
Confie now has 55 locations in New York and has completed 15 acquisitions in the Buffalo metropolitan area, where it continues as an active consolidator.
Valeria Rico, Chief Executive Officer of Confie, said, “These agencies have long-standing ties in the Buffalo community and as part of Confie they will have additional resources and management expertise to continue their growth. We’re very bullish about the robust and growing pipeline of potential acquisitions that includes many quality businesses. We are in active discussions with those companies, while at the same time working to successfully integrate these new businesses into the Confie organization.”
Confie has acquired and successfully integrated over 80 businesses since its inception.
Established in 2008, Confie is a leading, California-based national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. The experienced Confie management team continues to build Confie’s portfolio of regional personal lines brokerages, and today has annual revenue of over $350 million and over 660 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.