King Risk Partners has acquired Perry Insurance Agency, LLC, a North Andover, Massachusetts independent agency. The deal adds another piece to the firm's expanding Northeast footprint.
Perry Insurance Agency has operated for more than 15 years. It provides personal, commercial, and liability property and casualty coverage to individuals, families, and businesses.
King Risk Partners is headquartered in Gainesville, Florida, and ranks as the 51st largest insurance brokerage in the US. It offers personal, commercial, and employee benefits insurance across the Eastern and Southeastern US. The firm has been in operation for more than 50 years.
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The Perry deal extends one of the most active acquisition runs in the independent agency sector. King Risk completed 14 acquisitions in 2025, nearly double the eight closed in 2024 and its highest annual total on record. The firm now operates more than 50 locations serving over 55,000 clients. A growth investment from Lightyear Capital and BHMS Investments, completed in April 2025, has underpinned that pace.
Scott Popilek, chief executive officer of King Risk Partners, said the acquisition supports the firm's continued expansion in Massachusetts and fits its pattern of acquiring agencies that align with its operational approach.
"This partnership supports our continued expansion in Massachusetts and reflects our disciplined approach to growth, which is focused on aligning with agencies that share our values and strengthen the solutions we deliver to clients," Popilek said.
The Perry acquisition follows a documented pattern of New England deal-making. King Risk acquired Acacia Insurance in Waltham, Massachusetts in late 2025 and New England Property & Casualty in Wallingford, Connecticut in April 2026. North Andover fits that corridor directly. OPTIS Partners recorded 695 independent agency M&A transactions in 2025, down 12% from the record 2024 pace but still among the busiest years on record.
Perry Insurance Agency was founded and is owned by Darryl Perry and Marc Perry. The agency will continue serving its existing client base following the transaction.
The deal sits within a wider consolidation wave driven by private capital. Private capital-backed buyers accounted for approximately 73% of US brokerage M&A transactions through late 2025. OPTIS Partners data showed King Risk's own deal volume rose 53% in 2025, one of the sharpest increases among active acquirers. Independent agencies are weighing capital access and carrier scale against the cost of remaining standalone.
