Personal lines insurance provider Confie Seguros has acquired 1 Stop Financial Service Centers of America, which offers various kinds of insurance needs as well as short term financial assistance, to build its Texas presence.
Established in 2005, Round Rock-based 1 Stop also caters professional tax preparation services through 16 offices located in 10 cities across central Texas.
The takeover of 1 Stop will enable the acquirer to distribute personal insurance products to a broader customer base through the integration of 1 Stop into Texas State Low Cost Insurance, which was acquired by Confie last year.
Confie Seguros CEO Joe Waked said, "This acquisition further solidifies our leading position as a national insurance broker and we look forward to working with the talented 1 Stop executive team in continuing the company’s growth."
In November 2013, Confie Seguros purchased two insurance brokerages DeFranco Insurance Agency and Insurance Group of American.
Confie Seguros, which was founded in 2008, operates as an insurance distribution company across 17 states and primarily focuses on the insurance needs of Hispanic consumers.