Confie, a portfolio company of ABRY Partners, has acquired Axiom Insurance Agency. Financial terms weren’t announced. Springfield, Massachusetts-based Confi specializes in personal lines insurance.
HUNTINGTON BEACH, CA, April 4, 2016 – Confie, a national provider of personal and commercial lines insurance, announced today that it has entered the Massachusetts market with the acquisition of Axiom Insurance Agency based in Springfield. Confie now has locations in 18 states and is able to offer services to clients in all 50 states.
Founded in 2000 and specializing in personal lines insurance, Axiom has five locations in central Massachusetts, including the greater Springfield area, New Bedford, and Worcester. Axiom’s strategic locations provide an opportunity for further expansion throughout the state. Axiom’s employees will become part of Confie.
Valeria Rico, Chief Executive Officer of Confie, said, “We are excited about our entry into Massachusetts and continuing our expansion in the Bay State. As we developed plans to provide insurance services to Massachusetts consumers, our key objective was to identify a strong initial platform from which to further build our presence and offer our services throughout the state. Axiom is a strong company that fits our objective very well, and we look forward to expanding to locations throughout Massachusetts, including the Boston area.”
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. Today, Confie has approximately 700 retail locations and generates annual revenues approaching $500 million. 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, Indiana and Massachusetts 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.