Insurance agency Confie Seguros is continuing a streak of acquisitions by purchasing CW Baker Insurance Agency and Lewiston Insurance Agency.
CW Baker, headquartered in Lockport, N.Y., provides personal and commercial lines insurance.
Lewiston, N.Y.-based Lewiston specializes in property and casualty insurance for personal and business customers.
Terms of the deals were not disclosed.
Confie Seguros, headquartered in Buena Park, Calif., has more than 300 retail locations. The company, which focuses mainly on automotive insurance, is looking to continue expansion in Illinois, Georgia, North Carolina and South Carolina.
In May, the insurer bought Texas State Low Cost Insurance Agency of Austin and Capital Insurance Agency.
In December, the company bought four insurers: Maurisset Insurance, CNS Insurance Services, Briar Bay Insurance and Got Insurance.
The buyer is backed by private equity firm Abry Partners, which invested in Confie Seguros in 2012. Abry focuses on investments in the media, communications, business and information services sectors. The Boston-based firm has also invested in AFS Technologies Inc. Basefarm and CollegeDegrees.com.
The deal comes as other agencies continue consolidating. In June, Columbia Insurance Co. announced it would buy Hartford Life International Ltd. for $285 million, the Travelers Companies Inc. (NYSE: TRV) said it would purchase the Dominion of Canada General Insurance Company for $1.1 billion and Marsh’s purchase of Franco & Acra Tecniseguros.
For more on insurance M&A, see “Insurance Industry Experiences M&A Uptick.”