King Insurance coverage continues acquisition spree with Wurzel Insurance coverage buyout

US-based full-service insurance coverage dealer King Insurance coverage has acquired Wurzel Insurance coverage to increase its footprint in Central Florida.

The acquired property and casualty insurance coverage company is headquartered in Oviedo, Florida.

The monetary and different phrases of the acquisition weren't disclosed by the businesses.

Commenting on the acquisition, King Insurance coverage CEO Chad King stated: “The Wurzel Insurance coverage company is a perfect accomplice for us. We're enthusiastic about this chance, and to additional increase our presence in Central Florida.”

Wurzel Insurance coverage primarily focuses on most well-liked private strains, and small-to-mid industrial strains.  

It gives dwelling insurance coverage, apartment and rental insurance coverage in addition to auto and bike insurance coverage.

The corporate additionally gives boat and watercraft insurance coverage, industrial insurance coverage, and life insurance coverage.

Wurzel Insurance coverage founder Robert Wurzel stated “The Wurzel household has three generations who've been serving the insurance coverage wants of Florida households for over 75 years. We’re excited to accomplice with King Insurance coverage and proceed to serve our shoppers for a few years to return.”

The deal follows King Insurance coverage’s acquisition of Piedmont Insurance coverage Associates in December final yr.

Piedmont gives insurance coverage options to industrial and private strains clients from its lineup of insurance coverage provider companions.

It was primarily based in Georgia, with operations in Covington and Newnan.

King Insurance coverage, which was based in 1974 and headquartered in Gainesville, Florida, is a full-service insurance coverage brokerage agency. It gives a big selection of property & casualty and worker advantages options. 

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