US-based insurer King Threat Companions has strengthened its nationwide foothold with the acquisition of impartial insurance coverage firm Barker, Beck, Collins & Kronauge Company (BBC&Ok).
Monetary phrases of the deal weren’t revealed.
The acquisition of Dayton, Ohio-based BBC&Ok expands King Threat Companions’ presence within the Midwest area.
Arrange in 1923, BBC&Ok has robust presence within the Miami Valley space of Ohio.
The corporate has broadened its experience in auto, residence and enterprise insurance coverage over time and developed its group well being and long-term care departments.
King Threat Companions CEO Malcolm King mentioned: “Their dedication to constructing robust consumer relationships and their a long time of experience completely align with our imaginative and prescient of partnering with established, respected businesses. This acquisition not solely expands our footprint into Ohio but additionally reinforces our means to supply top-tier service within the Midwest.”
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Company companions Daniel Kronauge, Scott Barker and Bob Collins said: “Becoming a member of forces with King Threat Companions is an amazing alternative for our company and our purchasers. Our precedence has at all times been distinctive customer support, and this partnership allows us to increase our private and enterprise insurance coverage choices whereas sustaining the excessive requirements of care and satisfaction our purchasers have come to anticipate.”
The most recent deal aligns with King Threat Companions’ ongoing development technique, which entails forming partnerships with businesses, and follows its acquisition of Tennessee-based Pigg Insurance coverage.
King Threat Companions’ service suite contains enterprise, residence, auto and life insurance coverage.
