King Risk Partners Strengthens Connecticut Presence Through Strategic Acquisition
King Risk Partners has announced the acquisition of the Kerr Agency Inc., an independent insurance agency based in Simsbury, Connecticut.
This strategic move is part of King Risk Partners’ broader initiative to expand its reach and capabilities by partnering with established agencies, specifically targeting the Northeast market.
The Kerr Agency has a long-standing history, providing insurance services to clients in Simsbury and throughout Connecticut since 1927. They provide both personal and business insurance solutions, building strong, lasting client relationships.
Malcolm King, CEO of King Risk Partners, emphasized that this acquisition is a key driver in solidifying their presence in Connecticut, enhancing their ability to serve clients in the region.
Craig Kubasek of the Kerr Agency noted the partnership will lead to expanded insurance options for their clients, reinforcing their commitment to maintaining high service standards.
This acquisition marks another addition to King Risk Partners’ expanding portfolio.
Since 2021, the company has successfully completed 21 acquisitions, with 2022 being their most active year, tallying 10 mergers and acquisitions (M&A) deals.
Just earlier in the month, King Risk Partners extended its presence into Ohio through the acquisition of the Barker, Beck, Collins & Kronauge Agency (BBC&K) in Dayton. BBC&K, founded in 1923, provides a range of insurance solutions, including personal and commercial lines, along with group health and long-term care plans.
In January, King Risk Partners also announced two significant deals, one being the acquisition of Bruce Hendry Insurance, an independent agency located in Immokalee, Florida, and the closure of its acquisition of Viper Risk Management Group, also based in Florida. Viper Risk Management specializes in insurance solutions tailored for industries such as racetracks/motorsports, different manufacturing sectors, restaurants, construction, transportation, retail, and distribution.
In December, Talbert Insurance Services, a broker based in Duluth, Georgia, serving clients throughout the state for over 40 years, was brought under the King Risk Partners umbrella.
This pattern of strategic acquisitions highlights King Risk Partners’ growth strategy in the insurance sector.
