Confie Seguros, a California-based national insurance distribution company, has acquired three insurance brokerages in a bid to build out its geographic footprint throughout New York State and Texas.
Financial terms of the transaction have not been disclosed.
According to Confie Seguros, the acquired insurance brokerages are James S. Sullivan Agency and Advanced Auto Insurance based in New York, and Family Insurance based in Texas.
Confie Seguros CEO, Joe Waked, said: "By adding James S. Sullivan Agency and Advanced Auto Insurance to our existing New York operations, we now have over 47 locations and 140 employees in New York to service customers and place business with our insurance carrier partners.
"Family Insurance builds on our acquisition in Texas earlier this year and we look forward to leveraging our robust pipeline of deals to continue our expansion in New York and Texas with the goal to be one of the largest providers of personal lines and small commercial insurance," Waked added.
Confie Seguros said that the staffs and locations of the agencies will remain in place to deliver the same professional standards of service that has existed since each agency founding.
Founded in 1977, James S. Sullivan is an independently owned agency operating 16 retail locations in numerous towns across the Buffalo, Rochester and Syracuse Regions with 41 employees.
Advanced Auto Insurance, established in 2001, is a full-service independent agency with locations in downtown Rochester, New York and Greece, New York.
Established in 1990, Family Insurance serves the Corpus Christi, Texas area through its two retail locations.