US-based insurance coverage brokerage King Threat Companions has expanded its presence in New England by the acquisition of Acacia Insurance coverage, an unbiased company based mostly in Waltham, Massachusetts.
Monetary specifics of the deal stay undisclosed.
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The transaction is meant to extend King Threat Companions’ presence in Massachusetts according to its technique of increasing by chosen acquisitions.
Acacia Insurance coverage operates from Waltham and has offered companies to purchasers all through New England for greater than 30 years.
The company works with each people and companies, arranging insurance coverage cowl for properties, motor autos, high-value possessions and a wide range of enterprise dangers that require specialised options.
Acacia Insurance coverage principals Adam Ellis and Dan Frankel commented: “Becoming a member of King Threat Companions is an impressive alternative for our group and purchasers.
“We share a dedication to integrity, accountability and excellence. With entry to King’s in depth infrastructure and assets, our purchasers will acquire an excellent broader vary of choices, whereas we’re capable of commit even larger consideration to offering the personalised assist they worth.”
The acquisition will prolong King Threat Companions’ attain within the north-eastern US by bringing Acacia beneath its umbrella, whereas providing insurance coverage choices to purchasers.
King Threat Companions CEO Scott Popilek commented: “Acacia’s dedication to creating the sudden uneventful for its purchasers resonates deeply with our mission.
“We’re delighted to welcome the Acacia group into the King household. By combining our scale and capital with Acacia’s native status and fingers on strategy, we’ll ship a singular worth proposition to the New England market.”
