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Thursday, Mar 28, 2024
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Confie Buys in Calabasas

Huntington Beach-based insurance provider Confie acquired on undisclosed terms ExpressLink Inc. in Calabasas.

Confie provides personal and commercial insurance nationwide. ExpressLink provides car insurance and extended warranties at auto dealerships.

Brian Murphy will continue as president of ExpressLink, which doesn’t expect any layoffs or relocations in the wake of the deal, a Confie news release said.

“ExpressLink has the expertise and infrastructure that will help us expand sales of new products and services across the nation and we look forward to working with Brian Murphy and his team to continue one of our growth strategies,” Confie Chief Executive Valeria Rico said.

Confie is a portfolio company of private equity firm ABRY Partners LLC in Boston and is among the top privately held companies based in Orange County.

It employs 195 locally and 3,500 nationwide. The company generates annual revenue of almost $500 million and has over 700 locations.

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