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Confie acquires agencies in New York, New Jersey, Texas

Posted: October 27, 2016

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Confie, a national provider of personal and commercial lines insurance, has acquired three insurance brokerages in New Jersey, Texas and New York, continuing its expansion program throughout the U.S.

Two of the agencies acquired by Confie focus on providing non-standard auto insurance:  Salermo Insurance Agency, LLC, founded in 1978 and located in Elizabeth, NJ; and Hulme Corporation, dba Alamo Auto Insurance of East Texas, founded in 2001 and based in Tyler, TX.

Additionally, Confie acquired Lockwood Agency, Inc. in Jamestown, NY, which was founded in 1971 and provides preferred personal lines and small commercial insurance.

Terms of the transactions were not disclosed.

In 2016, the company – originally known as Confie Seguros and focusing exclusively in the Hispanic market, has completed 17 acquisitions.

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