PE-backed Confie Seguros Buys NII Brokerage

Confie Seguros, a provider of auto insurance that focuses on Hispanic consumers, has acquired New York-based insurance broker NII Brokerage. Terms of the deal were not released. Confie Seguros is backed by San Francisco-based private equity firm Genstar Capital. By acquiring NII Brokerage, Confie Seguros will expand throughout New York as well as into Connecticut and Pennsylvania.

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