M&A Deal Summary

King Insurance Acquires Coates Insurance Agency

On September 17, 2024, King Insurance acquired insurance company Coates Insurance Agency

Acquisition Highlights
  • This is King Insurance’s 23rd transaction in the Insurance sector.
  • This is King Insurance’s 23rd transaction in the United States.
  • This is King Insurance’s 1st transaction in Virginia.

M&A Deal Summary
Date 2024-09-17
Target Coates Insurance Agency
Sector Insurance
Buyer(s) King Insurance
Deal Type Add-on Acquisition

Target

Coates Insurance Agency

Glen Allen, Virginia, United States
Coates Insurance Agency is a full-service independent insurance agency that offers a variety of personal and business insurance products. Coates Insurance Agency is based in Glen Allen, Virginia.

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Buyer(S) 1

Buyer

King Insurance

Gainesville, Florida, United States
Category Company
Founded 1974
Sector Insurance
DESCRIPTION

King Insurance is a full-service insurance brokerage firm that provides a variety of property & casualty as well as employee benefits solutions. King Insurance was founded in 1974 and is based in Gainesville, Florida.

DEAL STATS #
Overall 23 of 23
Sector (Insurance) 23 of 23
Type (Add-on Acquisition) 22 of 22
State (Virginia) 1 of 1
Country (United States) 23 of 23
Year (2024) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-20 Exclusive Programs

Boca Raton, Florida, United States

Exclusive Programs specialized insurance brokerage focused on waste management insurance and professional recycling programs. Exclusive Programs is based in Boca Raton, Florida.

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