Confie Seguros
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Confie Seguros - overview
Established
2008
Location
Huntington Beach, CA, US
Primary Industry
Insurance
About
Confie Seguros is a prominent provider of personal lines insurance solutions in the United States, catering to both standard and non-standard markets with a diverse portfolio of coverage options. Founded in 2008 and headquartered in Huntington Beach, US, Confie Holding II Co. provides comprehensive insurance solutions. The company has executed 7 significant deals, with its most recent transaction occurring on April 21, 2021.
Cesar Soriano currently serves as CEO, bringing forward leadership that emphasizes tailored insurance services. Confie specializes in providing a comprehensive range of personal lines insurance solutions tailored to both standard and non-standard markets across the United States. Their core offerings include auto, motorcycle, homeowners, renters, life, and health insurance. By partnering with over 160 national and regional carriers, Confie ensures a wide selection of coverage options that cater to diverse customer needs.
This strategic approach allows the company to serve a varied client base, including individual consumers seeking affordable insurance solutions and small businesses looking for reliable coverage. Confie's services are designed to deliver peace of mind by facilitating quick and efficient access to insurance, whether through online platforms, virtual agents, or in-person interactions at their extensive network of over 1,250 local offices nationwide. Confie operates as a leading distributor of personal lines insurance, generating revenue primarily through commissions earned from insurance premiums paid by clients. Business transactions typically occur through direct relationships with consumers, allowing for personalized service and tailored insurance solutions.
Confie's revenue model encompasses various insurance products within its portfolio, with a focus on providing optimal pricing plans for each offering. The company’s flagship services ensure that clients receive quality coverage while benefiting from its strong network of partnerships. As an independent agency, Confie's commitment to customer service and satisfaction is reflected in its operational strategy, which emphasizes accessibility and responsiveness to the evolving demands of the insurance market. In April 2021, Alliant Insurance Services, Inc.
agreed to acquire Confie Holding II Co from ABRY Partners. This transaction, expected to be completed in the second quarter of 2021, is anticipated to promote strategic growth initiatives. The acquisition may enable Confie to enhance its product offerings and expand into new markets, although specific new products or geographic regions targeted for expansion have not been disclosed.
Current Investors
Stone Point Capital, Public Sector Pension Investment Board, Alliant Insurance Services, Inc.
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries, Commercial Insurance
Website
www.confie.com/
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Confie Seguros - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Sanborn's Mexico Auto Insurance | - | ||||||||
| Add-on | Completed | Estrella Insurance, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | DeFranco Insurance Agency Inc. | - | ||||||||
| Add-on | Completed | CoWest Insurance Group, Inc. | - | ||||||||
| Add-on | Announced | Velox Insurance, Inc. | - |
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