News Column

Confie Seguros Announces Acquisition of Four Insurance Brokerages

PR Newswire



NEW YORK, Dec. 3, 2012 /PRNewswire/ -- Confie Seguros, a rapidly growing national provider of personal lines insurance focused on the needs of Hispanic consumers, today announced the acquisition of four regional insurance brokerages in Florida and Nevada, which will further expand the company's operations in its existing markets.

Confie Seguros completed the acquisitions of Florida-based Maurisset Insurance, CNS Insurance Services, and Briar Bay Insurance, as well as Got Insurance of Las Vegas, NV.

Joe Waked, CEO of Confie Seguros, said, "We are pleased to welcome these growing and well run agencies into our expanding portfolio of companies. We have now completed 19 transactions in 2012, an achievement which is representative of our very robust pipeline of potential transactions in this fragmented industry." Mr. Waked added that the company is currently evaluating strategic targets in other states.

Confie Seguros has built a national portfolio of regional auto insurance brokerages. The company was rated among the top 10 in revenues in Insurance Journal's latest top 100 ranking of insurance agencies and in Best's Review's 2012 Top 20 Global Insurance Brokers.

About Confie SegurosEstablished 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, led by CEO Joe Waked, continues to build Confie Seguros' portfolio of regional auto insurance brokerages, and today it has annual revenue of over $200 million with more than 300 retail locations. The company has leading market positions in California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, and Nevada and expects to continue its expansion in those and other states, including Illinois, Georgia, and the Carolinas. Confie Seguros is a portfolio company of ABRY Partners. For more information about Confie Seguros, please visit www.confieseguros.com.

Contact:

Mordy RothbergPresidentConfie Seguros310-595-4149mordy@confiehq.com

OR

Chris TofalliChris Tofalli Public Relations, LLC914-834-4334Confie Seguros

Web site: http://www.confieseguros.com/



Source: PR Newswire


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