King Risk Partners has announced the acquisition of the Kerr Agency Inc., an independent insurance agency based in Simsbury, Conn.
The acquisition expands King Risk Partners’ presence in the Northeast and is part of its broader strategy to grow through partnerships with established agencies.
The Kerr Agency has provided insurance services to clients in Simsbury and across Connecticut since 1927. The firm offers personal and business insurance solutions and has built long-term client relationships.
Malcolm King, CEO of King Risk Partners, highlighted the acquisition as a main driver to boost its presence in Connecticut while enhancing its ability to serve clients in the region.
Craig Kubasek of the Kerr Agency said the partnership will allow the firm to expand its personal and business insurance offerings while maintaining service standards for clients.
Since 2021, King Risk Partners has completed a total of 21 acquisitions as of the end of 2024. Its busiest year was in 2022, when the company secured 10 M&A deals.
Earlier this month, the brokerage expanded in Ohio with the acquisition of Dayton-based Barker, Beck, Collins & Kronauge Agency (BBC&K). Founded in 1923, the company offers personal and commercial insurance, along with group health and long-term care services.
In January, King Risk Partners also announced two major deals; the first for Bruce Hendry Insurance, an independent insurance agency located in Immokalee, Florida.
The second was a completion for its acquisition of Viper Risk Management Group, an insurance company based in the same state. Viber Risk Management provides specialized insurance solutions for racetracks/motorsports, manufacturers, part warehouses, restaurants and taverns, construction, transportation, manufacturing, retail services and distribution industries.
December saw Talbert Insurance Services brought under the King Risk Partners banner. The Duluth, Ga.-based broker has been serving clients throughout the state for more than 40 years.
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