King Insurance – a full-service insurance brokerage in Gainesville, FL offering P&C insurance and employee benefits solutions – has announced its acquisition of Ellett Insurance.
Established in 1935 and also based in Gainesville, FL, Ellett Insurance offers commercial and personal lines insurance. It also provides life, disability, long-term care insurance, and employee benefits coverage.
“King Insurance is the ideal partner for our agency,” said Ellett Insurance owners Ed and Marcia Ellett in a statement. “King offers us the opportunity to maintain our values and culture, while enhancing our ability to serve our clients.”
“The relationship between King & Ellett goes back many years,” commented King Insurance CEO Chad King. “We are excited to partner with Ed & Marcia, and further expand our largest office in Gainesville.”
This is King Insurance’s second acquisition revealed this week. Previously, the brokerage announced that it had snapped up the Oviedo, FL-based P&C insurance agency Wurzel Agency. Wurzel Agency has been in business for more than 75 years.
According to King Insurance’s website, it is certified and licensed to operate in the states of Alabama, Florida, Georgia, New Jersey, New York, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.