M&A Deal Summary

Confie Acquires Best Rate Insurance

On May 15, 2019, Confie acquired insurance company Best Rate Insurance

Acquisition Highlights
  • This is Confie’s 100th transaction in the Insurance sector.
  • This is Confie’s 98th transaction in the United States.
  • This is Confie’s 1st transaction in Alabama.

M&A Deal Summary
Date 2019-05-15
Target Best Rate Insurance
Sector Insurance
Buyer(s) Confie
Deal Type Add-on Acquisition

Target

Best Rate Insurance

Mobile, Alabama, United States
Best Rate Insurance specializes in the non-standard auto insurance customer base. The agency maintains three offices in the Mobile area.

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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 100 of 113
Sector (Insurance) 100 of 113
Type (Add-on Acquisition) 97 of 108
State (Alabama) 1 of 1
Country (United States) 98 of 111
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-15 Luxor Insurance

California, United States

Luxor Insurance is a non-standard auto insurance provider with three locations in the Southern California area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Southern Harvest Insurance

Cordele, Georgia, United States

Southern Harvest Insurance is a non-standard auto insurance provider with 24 locations in Georgia and 5 in Alabama. Southern Harvest Insurance is based in Cordele, Georgia.

Buy -
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