Alliant Insurance Services, the specialty insurance brokerage firm in the US has entered into a decisive merger agreement with Confie, a US personal lines distributor. The merger is expected to close in the second half of 2021, and will also consist of Confie’s line of personal insurance brands.
Confie is presently a portfolio company of Boston-based private equity firm, Abry Partners.
Tom Corbett, CEO, and Chairman of Alliant commented, “Confie and its distinct group of insurance professionals have set the benchmark for excellence in personal lines insurance and have brought the company to the top of the market. We are thrilled to be able to further empower them to do what they have always done well.”
Cesar Soriano, CEO of confine remarked, “Confie is pleased to be the largest personal lines agency, and joining strengths with Alliant will further increase our growth and multiply our market opportunities. Alliant’s legacy of growth and strength, combined with Confine’s values of service make this an exceptional growth opportunity for both of our companies.”
“Thanks to our remarkable employees and our winning culture, we are ideally situated to successfully implement our growth strategy and continue supporting our customers.” Brent Stone, Partner at Abry Partners said, “We have been pleased to be investors in Confie since 2012 as the firm expanded into the largest personal lines agency in the country. Cesar Soriano and the whole Confie management team have built an inventive and leading business and we are thrilled to watch their continued growth.”