Huntington Beach-based Confie Seguros Insurance Services continued its expansion on the East Coast with the acquisition of Economy Insurance Mart in Spring Hill, Fla., on undisclosed terms.
Confie primarily serves the Latino-American market and oversees more than 300 retail brokerages nationwide.
Separately, Chicago-based Hub International Ltd. acquired La Palma-based brokerage Vicencia & Buckley Insurance Services Inc. on undisclosed terms. Vicencia & Buckley provides various insurance products and specializes in a niche business serving scuba divers and the recreational diving industry. No changes are expected for the firm’s 14 employees, who are expected to remain in La Palma.
Hub, shortly after completing its buy of Vicencia & Buckley, announced it has agreed to be acquired by San Francisco-based private equity firm Hellman & Friedman LLC for $4.4 billion.
―Jane Yu
