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King Risk Partners acquires The Insurance Center

Mar 04, 2025•8 months ago

Acquiring Company

King Risk Partners

Acquired Company

The Insurance Center

GainesvilleWarwickInsuranceInsuranceEmployee Benefits

Description

King Risk Partners has acquired The Insurance Center, an independent insurance agency in Warwick, Rhode Island. This acquisition emphasizes King Risk Partners' strategic growth in the Eastern and Southeastern regions of the United States. The move aims to enhance local service offerings and maintain high standards in customer service. Both companies express excitement about the partnership and shared goals.

Company Information

Company

King Risk Partners

Location

Gainesville, Florida, United States

About

King Risk Partners is a leading provider of comprehensive insurance solutions with a strong reputation for integrity, professionalism, and commitment to customer satisfaction. They offer a wide range of insurance products and services designed to meet the diverse needs of their clientele.

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M&A Insights

Based on deal data
Integration 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