Acquiring Company
King Risk Partners
Acquired Company
World Insurance Associates
Description
King Risk Partners has announced the acquisition of VIA Insurance Agency, enhancing their footprint in New Jersey. This move will allow King to deliver improved insurance solutions to communities across the state. VIA Insurance Agency is known for its commitment to client satisfaction, which aligns with King's core values. This acquisition provides both companies with new growth opportunities.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed