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PE-backed insurance company Confie Seguros inks another bolt-on acquisition

5 Aug 2013

US insurance company Confie Seguros, which is backed by private equity firm Abry Partners, has acquires Economy Insurance Mart, a provider of auto, home and small commercial insurance.

The company said the deal was as part of its continuing growth strategy to build out its geographic footprint throughout Florida. In July it bought insurance agencies CW Baker and Lewiston to increase its presence in New York State.

Established in 2008, Confie Seguros is a, California-based national insurance distribution company primarily focused on the insurance needs of Hispanic consumers. It has annual revenue of over $200m with more than 300 retail locations.

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