Confie Seguros Acquires Three Insurance Brokerages
Oct 4, 2013
James S. Sullivan Agency, Inc. & Advanced Auto Insurance Agency, Inc. Expand New York State Footprint; Family Insurance Adds Growth in Texas
Oct 04, 2013, 07:59 ET from Confie Seguros
HUNTINGTON BEACH, Calif., Oct. 4, 2013 /PRNewswire/ -- Confie Seguros, a rapidly growing national provider of personal lines insurance, today announced the acquisition of three leading insurance brokerages: James S. Sullivan Agency and Advanced Auto Insurance, two strong providers of personal lines insurance located in Western and Central New York; and Family Insurance in Corpus Christi, TX, a local provider of personal lines auto insurance. The addition of these three agencies is part of Confie's continued strategy to build out its geographic footprint throughout New York State and Texas and solidify its position as a leading national insurance broker. James S. Sullivan Agency and Advanced Auto Insurance specialize in the delivery and service of personal lines and small commercial insurance products. James S. Sullivan Agency was founded in 1977 and is an independently owned agency operating 16 retail locations in numerous towns across the Buffalo, Rochester and Syracuse Regions with 41 employees. Advanced Auto Insurance, established in 2001, is a full-service independent agency with locations in downtown Rochester, NY and Greece, NY. Family Insurance was established in 1990 and serves the Corpus Christi, TX area through its two retail locations. The staffs and locations of the agencies remain in place to deliver the same professional standards of service that has existed since each agency founding. Joe Waked, CEO of Confie Seguros, said, "New York and Texas are key growth markets for Confie Seguros. By adding James S. Sullivan Agency and Advanced Auto Insurance to our existing New York operations, we now have over 47 locations and 140 employees in New York to service customers and place business with our insurance carrier partners. Family Insurance builds on our acquisition in Texas earlier this year and we look forward to leveraging our robust pipeline of deals to continue our expansion in New York and Texas with the goal to be one of the largest providers of personal lines and small commercial insurance. "
About Confie Seguros
Established in 2008, Confie Seguros is a leading, California-based national insurance distribution company operating in 17 states and 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 approaching $300 million with more than 540 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 . Contact: