King Risk Partners Acquires Conover Beyer Associates Insurance
King Risk Partners, the 36th largest insurance brokerage in the U.S., announced its acquisition of Conover Beyer Associates Insurance, based in Manasquan, New Jersey. The move aims to expand King Risk Partners' presence in the Mid-Atlantic region.
Gainesville, Florida – King Risk Partners, the 36th largest insurance brokerage in the United States, has acquired Conover Beyer Associates Insurance. The acquisition of the Manasquan, New Jersey-based agency is intended to broaden King Risk Partners' footprint in the Mid-Atlantic region.
Conover Beyer Associates Insurance has operated as a long-standing independent insurance agency. The integration is expected to bring new clients and expertise into the King Risk Partners network.
Financial terms of the transaction were not disclosed. King Risk Partners has previously engaged in similar acquisitions to enhance its market reach and service capabilities.
The companies anticipate the transaction will be finalized shortly. Conover Beyer Associates Insurance will operate under the King Risk Partners umbrella following the completion of the deal.