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ABRY’s Confie Seguros buys three insurance firms

Confie Seguros, a portfolio company of ABRY Partners, has made three acquisitions. The company has acquired The Insurance Market Agency in Tonawanda, NY and Action Auto Insurance Agency in Cheektowaga, NY. Both agencies provider a variety of insurance products, which include auto, homeowners and small commercial. Also, Confie Seguros has bought Ontario, Calif.-based Fast Quote Insurance, which specializes in auto insurance. No financial terms were disclosed for any of these transactions.

PRESS RELEASE

HUNTINGTON BEACH, CA, November 3, 2014 – Confie Seguros, a national provider of personal lines insurance, announced today that it has acquired three insurance brokerages, two in New York’s Buffalo area and one in California.

Confie Seguros acquired The Insurance Market Agency, Inc. in Tonawanda, NY and Action Auto Insurance Agency, Inc. in Cheektowaga, NY. Both Agencies have been part of the Buffalo community for many years and offer a variety of insurance products, including auto, homeowners and small commercial. Additionally, Confie also added Fast Quote Insurance, of Ontario, CA, specializing in auto insurance and serving customers from its five Southern California offices.

Joe Waked, Chairman of Confie Seguros, said, “We continue to pursue selective targets that will strengthen our operations and geographic base nationally, and we remain very pleased with the quality of businesses that we are incorporating into our insurance distribution platform. In addition to offering a broad cross section of products, these three agencies align with our strategic growth strategy and our company’s culture.”

Confie has acquired and successfully integrated over 70 businesses since its inception and has grown to a national retail organization that oversees over 560 offices. Last month the company announced five acquisitions in New York, Washington, and Texas.

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 continues to build Confie Seguros’ portfolio of regional personal lines brokerages, and today has annual revenue of approximately $350 million and over 560 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 Seguros is a portfolio company of ABRY Partners. For more information about Confie Seguros, please visit www.confieseguros.com.