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Monday, Mar 18, 2024
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Confie Buys in NY State

Huntington Beach-based insurance broker Confie Seguros has acquired three brokerage firms in Buffalo, N.Y.

Able Insurance Agency, Linda’s Able Insurance and Becker-Able Agency Inc. join Confie’s growing portfolio of brokerages that now has more than 660 locations.

The owners of the three agencies are expected to continue in their roles as part of Confie, according to a statement.

Confie was founded in 2008 and has been expanding in large part by acquisitions. The company, which focuses on serving the Latino-American population, is headed by Chief Executive Valeria Rico and has more than $350 million in annual revenue.

It’s backed by Boston-based private equity firm ABRY Partners.

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