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Corporate Team at Michelman & Robinson Completes Multimillion Dollar Acquisition

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May 17, 2013

Michelman & Robinson, LLP’s Corporate Department represented rapidly growing personal lines insurance agency Confie Seguros in its acquisition of Texas State Low Cost Insurance, one of the most established retail agencies in Texas.  The acquisition will provide the national personal lines insurance agency with an even stronger distribution network in Texas beyond the company’s current locations in San Antonio and Houston.

Over the last five years, Confie Seguros has built a national portfolio of regional auto insurance brokerages and is now rated among the top 10 in revenues in Insurance Journal’s latest top 100 ranking of insurance agencies and in Best’s Review’s 2012 Top 20 Global Insurance Brokers.

A team of attorneys, utilized their vast experience in business formations, mergers and acquisitions, and employment matters to close the transaction under an extremely tight timeframe. 

Mordy Rothberg, President of Confie Seguros, said, “Texas State Low Cost Insurance is one of the premier agencies in the state and a very well-run company. In addition to providing additional scale to our Texas operations, Texas State Low Cost has a long-standing reputation that will provide opportunities for us to identify strategic fill-in acquisitions throughout the state of Texas.