Michelman & Robinson, LLP Represents Confie Seguros in the Acquisition of the Retail Agency Group of Affirmative Insurance Holdings, Inc.
Michelman & Robinson, LLP's ("M&R") Corporate & Securities Department successfully represented Confie Seguros, a leading national insurance brokerage and insurance distribution company, in the acquisition of the Retail Agency Group of Affirmative Insurance Holdings, Inc. (OTC: AFFM) on September 30, 2013.
- New York, NY (1888PressRelease) October 09, 2013 - The transaction, valued at up to $120 million, is the result of negotiations on behalf of the firm's longtime client and serves to further strengthen Confie's operations by expanding the company's geographic footprint to an additional 195 retail locations in the Midwest and Southeast U.S.
The M&R team was led by partner Douglas M. Morea, Chair of the Firm's Corporate & Securities Department. Other members of the Corporate & Securities Department, including partners, Charles Friedman and David Schwartz, and associates, Jane Rose and Jeffrey Gamsey, assisted in the transaction.
"We have been working with Confie Seguros for a few years now and are proud to represent them in such a large and impactful transaction. Our strong partnership with the client and the tireless work of our team of corporate, employment, IP and real estate attorneys helped contribute to a large, tactical gain for our client," said Doug Morea.
Confie Seguros CEO Joe Waked commented, "We are grateful for the work that Doug and the entire Michelman & Robinson team did on this complex transaction, which expands our national footprint and consumer base. This strategic acquisition significantly increases our reach and transforms us into the largest non-captive distributor of retail auto insurance in the U.S."
About Michelman & Robinson, LLP
M&R is a dynamic law firm with offices in California and New York. The Firm specializes in a wide variety of practice areas and industries, including Advertising, Marketing & Media, Commercial & Business Litigation, Construction, Corporate & Securities, Environmental, Financial Services & Bankruptcy, Health Care, Insurance Coverage & Bad Faith, Intellectual Property, Labor & Employment, Real Estate, Regulatory & Administrative, Tax, and Writs & Appeals. For more information, please visit www.mrllp.com.
Contact:
Jessica Pantukh l Marketing Manager
Michelman & Robinson, LLP
818.783.5530 l jpantukh ( @ ) mrllp dot com
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