Confie Acquires Lloyd D. Sprague & Son and J.N. Mason Agency
July 7, 2016
Confie, a national insurance distribution company and portfolio company of ABRY Partners, acquired two New York-based brokerages — Lloyd D. Sprague & Son (Sprague Insurance) in Corning, NY and J.N. Mason Agency with locations in Hancock and Monticello, NY. The deals add local personal-lines and small commercial insurance operations (12 employees at Sprague; 8 at J.N. Mason) to Confie's platform as part of its ongoing roll-up strategy.
- Buyers
- Confie, ABRY Partners
- Targets
- Lloyd D. Sprague & Son, Inc. (Sprague Insurance), J.N. Mason Agency, Inc.
- Sellers
- Sprague family (owners of Lloyd D. Sprague & Son, Inc.)
- Platforms
- Confie
- Industry
- Insurance
- Location
- New York, United States
- Transaction Type
- Addon
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