King Risk Partners completes acquisition of Suzio Insurance Center, Inc. to expand in Connecticut
Oct 29, 2024•9 months ago
Acquiring Company
King Risk Partners
Acquired Company
Suzio Insurance Center
GainesvilleMeridenInsurtechFinancial ServicesInsuranceDescription
King Risk Partners, a rapidly rising player in the full-service insurance brokerage industry, proudly announces the acquisition of Suzio Insurance Center, Inc. This strategic acquisition not only strengthens King Risk Partners' presence in the Northeast but also adds decades of insurance expertise and a robust client base to its portfolio.
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