M&A Deal Summary

Confie Acquires Affirmative Insurance Retail Agency Group

On September 18, 2013, Confie acquired insurance company Affirmative Insurance Retail Agency Group from Affirmative Insurance Holdings

Acquisition Highlights
  • This is Confie’s 39th transaction in the Insurance sector.
  • This is Confie’s 39th transaction in the United States.
  • This is Confie’s 4th transaction in Texas.

M&A Deal Summary
Date 2013-09-18
Target Affirmative Insurance Retail Agency Group
Sector Insurance
Buyer(s) Confie
Sellers(s) Affirmative Insurance Holdings
Deal Type Divestiture

Target

Affirmative Insurance Retail Agency Group

Addison, Texas, United States
The Retail Agency Group operates 195 retail locations in Louisiana, Alabama, Texas, Illinois, Indiana, Missouri, Kansas, South Carolina and Wisconsin and has nearly 400 sales agents.

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Buyer(S) 1

Buyer

Confie

Huntington Beach, California, United States
Category Company
Founded 2008
Sector Insurance
DESCRIPTION

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.

DEAL STATS #
Overall 39 of 113
Sector (Insurance) 39 of 113
Type (Divestiture) 2 of 5
State (Texas) 4 of 13
Country (United States) 39 of 111
Year (2013) 12 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Olympic Insurance Agency

Shelton, Washington, United States

Olympic Insurance Agency, a provider of auto, home and small commercial insurance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-04 James S. Sullivan Agency

Wayland, New York, United States

James S. Sullivan Agency, Inc. is a provider of personal lines insurance services.

Buy -

Seller(S) 1

SELLER

Affirmative Insurance Holdings

Addison,, Texas, United States
Category Company
Founded 1998
Sector Insurance
Employees489
DESCRIPTION

Affirmative Insurance Holdings group of insurance companies and underwriting agencies that provide personal automobile insurance policies through a network of independent agents in multiple states.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-18 USAgencies Insurance Services

Plano,, Texas, United States

USAgencies is a privately-held non-standard automobile insurance provider. It has 92 sales offices in Louisiana, Illinois and Alabama selling its products directly to consumers through its retail stores, virtual call centers and Internet site.

Buy $200M
Mergr

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