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King Risk Partners completes acquisition of Suzio Insurance Center, Inc. to expand in Connecticut

Oct 29, 2024about 1 year ago

Acquiring Company

King Risk Partners

Acquired Company

Suzio Insurance Center

GainesvilleMeridenInsuranceInsurance

Description

King Risk Partners, a rapidly rising player in the full-service insurance brokerage industry, proudly announces the acquisition of Suzio Insurance Center, Inc. This strategic acquisition not only strengthens King Risk Partners' presence in the Northeast but also adds decades of insurance expertise and a robust client base to its portfolio.

Company Information

Company

King Risk Partners

Location

Gainesville, Florida, United States

About

King Risk Partners is a leading provider of comprehensive insurance solutions with a strong reputation for integrity, professionalism, and commitment to customer satisfaction. They offer a wide range of insurance products and services designed to meet the diverse needs of their clientele.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed