M&A Deal Summary

Alliant Insurance Services Acquires Confie

On April 21, 2021, Alliant Insurance Services acquired insurance company Confie from ABRY Partners

Acquisition Highlights
  • This is Alliant Insurance Services’ 37th transaction in the Insurance sector.
  • This is Alliant Insurance Services’ 48th transaction in the United States.
  • This is Alliant Insurance Services’ 9th transaction in California.

M&A Deal Summary

Date 2021-04-21
Target Confie
Sector Insurance
Buyer(s) Alliant Insurance Services
Sellers(s) ABRY Partners
Deal Type Add-on Acquisition

Target

Confie

Huntington Beach, California, United States
Confie is a national insurance distribution company primarily focused on personal lines and small commercial insurance. Confie was formed in 2008 and is based in Huntington Beach, California.

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Buyer(S) 1

Buyer

Alliant Insurance Services

Irvine, California, United States

Category Company
Founded 1925
Sector Insurance
DESCRIPTION

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.


DEAL STATS #
Overall 50 of 70
Sector (Insurance) 37 of 53
Type (Add-on Acquisition) 49 of 66
State (California) 9 of 15
Country (United States) 48 of 68
Year (2021) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Group Insurance

Baton Rouge, Louisiana, United States

Group Insurance, Inc. is a full-service employee benefits solutions and consulting services that include health, life, disability, dental, vision, final expense, accident, and various other ancillary products. Group Insurance was founded in 1971 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Benefit Concepts

Houston, Texas, United States

Benefit Concepts provides a full range of employee benefits solutions to businesses and individuals. Benefit Concepts was founded in 1983 and is based in Houston, Texas,

Buy -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 88 of 103
Sector (Insurance) 6 of 7
Type (Add-on Acquisition) 44 of 53
State (California) 11 of 13
Country (United States) 76 of 88
Year (2021) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 High Street Insurance Partners

Traverse City, Michigan, United States

High Street Insurance Partners is focused on the insurance agency sector, providing commercial property & casualty insurance, employee benefits services, and personal lines to a wide range of industries. High Street Insurance Partners was founded in 2018 and is based in Traverse City, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-04 SiteLock

Scottsdale, Arizona, United States

SiteLock is a provider of web security solution to offer complete, cloud-based website protection. Its 360-degree monitoring finds and fixes threats, prevents future attacks, accelerates website performance and meets PCI compliance standards for businesses of all sizes. SiteLock was founded in 2008 and is based in Scottsdale, Arizona.

Sell -