Confie Seguros has acquired three East Coast insurance brokerages: Your Insurance Spot Inc. based in Kissimmee, Florida; Wise Insurance Agency Inc. of Columbia, South Carolina; and, Bronkie Agency Inc. of Williamsville, New York. Financial terms weren’t announced. Confie Seguros is a portfolio company of ABRY Partners.
HUNTINGTON BEACH, CA, March 31, 2015 – Confie Seguros, a national provider of personal lines insurance, announced today that it has acquired three East Coast insurance brokerages, further strengthening the geographic footprint of its national retail organization which oversees over 650 offices.
Confie Seguros acquired the assets of Your Insurance Spot, Inc. based in Kissimmee, FL, which was founded in 2007 and specializes in non-standard auto insurance; Wise Insurance Agency, Inc. of Columbia, SC, founded in 1999 and specializing in personal lines insurance; and Bronkie Agency, Inc. of Williamsville, NY, near Buffalo. Founded in 1961, Bronkie specializes in personal lines and small commercial insurance.
These acquisitions build the company’s presence in states where it has existing operations. Confie now has 52 locations in New York, 31 in Florida, and 13 in South Carolina.
Valeria Rico, Chief Executive Officer of Confie Seguros, said, “We continue to identify potential partners who have built strong businesses and are looking for a succession plan that provides a strong home for their business and the ability to continue to participate in the ongoing management of the business. These three organizations have solid operations in their areas, and we are pleased to welcome them to the Confie family. As we complete our first quarter, our pipeline of potential acquisitions remains robust and we are on track to meet our growth targets for the year.”
Confie has acquired and successfully integrated over 80 businesses since its inception.
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 over $350 million and over 650 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.