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Confie Acquires Cowest Insurance Group, Expands Into Insurance Agency Networks

Oct 03, 2022•about 3 years ago

Acquiring Company

Confie

Acquired Company

CoWest Insurance Group

Huntington BeachInsurance

Description

Confie, the largest personal lines insurance distribution company in the U.S., is pleased to announce the acquisition of Colorado-based CoWest Insurance Group, and their 30 insurance agency network. The acquisition highlights Confie's plans to create an insurance agency network for independent agents within their national brand, InsureOne.

Company Information

Company

Confie

Location

Center Avenue

Huntington Beach, California, United States

About

Established in 2008, Confie is the nation's leading personal lines insurance distribution company. Prior to this transaction, Confie meets customers wherever they are – with more than 950+ retail locations in 23 states, the Bluefire general agency, and a telephone and online shared service center servicing all 50 states. With flexible insurance options, outstanding value, and convenient service, Confie's aspiration is to be the most trusted source of insurance solutions so our customers can have peace of mind. Confie is a portfolio company of Alliant. For more information about Confie, visit confie.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed