Alliant Insurance Services, the U.S specialty insurance brokerage firm, has entered into a definitive merger agreement with U.S personal lines distributer Confie.
The merger, which is expected to close in the second quarter of 2021, will also include Confie’s family of personal insurance brands.
Confie is currently a portfolio company of Abry Partners, a Boston-based private equity firm.
Tom Corbett, Chairman and CEO of Alliant commented: “Confie and its diverse team of insurance professionals have set the standard for excellence in personal lines insurance and have carried the company to the top of the market. We are excited to be able to further empower them to do what they’ve always done well.”
Cesar Soriano, CEO of Confie commented: “Confie is proud to be the largest personal lines agency, and joining forces with Alliant will further enhance our growth and expand our market opportunities. Alliant’s long-standing legacy of strength and growth, combined with Confie’s culture of service, make this an extraordinary growth opportunity for both of our firms.
“Thanks to our amazing employees and our winning culture, we are ideally positioned to successfully execute on our growth strategy and continue supporting our customers and our communities.”
Brent Stone, a Partner at Abry Partners added: “We have been proud to be investors in Confie since 2012 as the company grew into the largest personal lines agency in the country. Cesar Soriano and the entire Confie management team have built an innovative and industry-leading business, and we are excited to watch their continued success.”