Confie Seguros, a national provider of insurance with an emphasis on serving Hispanic consumers, has expanded its operations in Texas with the acquisition of Auto Insurance Discounters Inc., an insurance brokerage headquartered in Houston.
Auto Insurance Discounters is a property, casualty and life insurance agency. Started in 1992, the company has grown to 13 locations serving Houston and the surrounding counties.
Confie began serving the Texas market with its 2008 acquisition of Alamo Auto Insurance in San Antonio. Confie continues its rapid growth and has made 10 previous acquisitions this year to further build its national footprint.
Confie Seguros is a portfolio company of Genstar Capital, a San Francisco-based private equity firm that focuses on investments in selected segments of the life sciences, healthcare, financial services, software, and industrial technology industries.
Genstar established Confie Seguros in 2008 in collaboration with the company’s management team to acquire insurance agencies focused on the Hispanic consumer.
Source: Confie Seguros
Topics Mergers & Acquisitions Auto
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