Confie Buys in TexasMonday, February 3, 2014
Huntington Beach-based Confie Seguros Insurance Services has acquired 1 Stop Financial Service Centers of America in Round Rock, Texas.
1 Stop has 16 offices throughout the state, which are expected to combine with operations of Texas State Low Cost Insurance, a firm Confie acquired last year.
The latest deal will help the company “grow and gain scale” in Texas, said Mordy Rothberg, Confie’s cofounder and president.
Confie, which primarily focuses on serving Latino Americans, has been expanding rapidly throughout the U.S. in recent years, notching more than 20 deals throughout the past year. It now has 540 retail locations in 17 states and about $300 million in annual revenue.
Confie is backed by Boston-based private equity firm Abry Partners.