King Insurance Acquires Three More Agencies

King Insurance, a Florida-based insurance broker and employee benefits firm, has acquired three agencies in Florida and Georgia, bringing to 11 the number of acquisitions for the company this year.

King, headquartered in Gainesville, Florida, said in news releases that it had acquired AGM Insurance Agency and Fordham Insurance Agency, both in Fort Lauderdale. Fordham and AGM were founded 33 years ago by Mitch and Ginger Renfroe. Fordham is the commercial lines division, while AGM is the personal lines division. The Fordhams said their team will continue operating in their current offices, servicing clients under the King Insurance moniker.

Last week, King also announced that it had acquired Piedmont Insurance Associates Inc., a commercial and personal lines agency based in Covington, Georgia. David Wilson is Piedmont principal. Phil Boswell is president. The agency’s staff will continue operating out of their current locations in Georgia.

Founded in 1974, King calls itself a full-service insurance brokerage firm which provides a broad array of property and casualty insurance and employee benefits products.

Topics Mergers & Acquisitions Agencies