Confie, a portfolio company of ABRY Partners, has acquired Mesa, Arizona-based Oasis Insurance, an auto insurance provider. No financial terms were disclosed.
HUNTINGTON BEACH, CA, December 19, 2016 – Confie, a national provider of personal and commercial lines insurance, announced today the acquisition of Oasis Insurance, a leading provider of non-standard auto insurance in Arizona. The acquisition more than doubles Confie’s business in Arizona.
Based in Mesa, AZ, Oasis Insurance has been serving customers throughout the state and today operates from 21 offices located in Phoenix, Tucson, Mesa, Gilbert, Chandler, Avondale, Surprise, El Mirage and St. Michaels. The company has over 120 employees.
Mordy Rothberg, Executive Chairman of Confie, said, “This is a sizable transaction that dramatically enhances our footprint in Arizona. We look forward to further expansion in Arizona and elsewhere as we further build our national presence by partnering with premier agencies we have identified within our extensive pipeline of potential opportunities.”
Adam Rolnick, Chief Executive Officer of Oasis, said, “We have built a large and reputable organization over the past 20 years and by selecting Confie as our partner we join forces with an outstanding company to help bring many new benefits and services to our clients throughout the state. We are excited about this new venture and the benefits it brings to our clients and our employees.”
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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