Confie buys three insurance brokerage

Confie, a portfolio company of ABRY Partners, has acquired three insurance brokerages in Illinois, Nevada, and Florida. Financial terms weren’t announced. The three agencies, which focus on providing non-standard auto insurance, include BMR Agency LLC dba First Stop Insurance in Washington Park, Illinois; Osorio and Family LLC dba CityWide Insurance, in Las Vegas; and Absolute Insurance Agency Inc in Miami.

PRESS RELEASE

HUNTINGTON BEACH, CA, September 12, 2016 – Confie, a national provider of personal and commercial lines insurance, announced today the acquisition of three insurance brokerages in Illinois, Nevada, and Florida, further strengthening markets in which it currently has retail locations. Confie has completed 14 acquisitions thus far in 2016.

The three agencies focus on providing non-standard auto insurance. Acquired were BMR Agency, LLC dba First Stop Insurance, founded in 2009 and located in Washington Park, Illinois; Osorio and Family, LLC dba CityWide Insurance, in Las Vegas, founded in 2011, and; Absolute Insurance Agency, Inc., in Miami, founded in 1989.

Chief Executive Officer of Confie, Valeria Rico, said, “We are excited to add three well-established agencies across the country that augment key markets where we already have a strong presence. We continue to seek out additional agencies that will add to our retail locations and further serve our customers.”

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. Today, Confie has over 700 retail locations and generates annual revenues of approximately $500 million. 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 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.

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