M&A Deal Summary

King Insurance Acquires Eager-1 - Employee Benefits Business

On May 24, 2022, King Insurance acquired insurance company Eager-1 - Employee Benefits Business from Eager-1

Acquisition Highlights
  • This is King Insurance’s 8th transaction in the Insurance sector.
  • This is King Insurance’s 8th transaction in the United States.
  • This is King Insurance’s 7th transaction in Florida.

M&A Deal Summary

Date 2022-05-24
Target Eager-1 - Employee Benefits Business
Sector Insurance
Buyer(s) King Insurance
Sellers(s) Eager-1
Deal Type Divestiture

Target

Eager-1 - Employee Benefits Business

Ocala, Florida, United States
Eager-1's Employee Benefits Business provides a broad array of employee benefits solutions.

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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 8 of 23
Sector (Insurance) 8 of 23
Type (Divestiture) 1 of 1
State (Florida) 7 of 15
Country (United States) 8 of 23
Year (2022) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-14 Ameriway

Fernandina Beach, Florida, United States

Ameriway provides both commercial and personal lines coverages to its customer base, based in Fernandina Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-10 Wurzel Insurance

Oviedo, Florida, United States

Wurzel Insurance is a property and casualty insurance agency, with a focus on preferred personal lines, and small-to-mid commercial lines. Wurzel Insurance is based in Oviedo, Florida.

Buy -

Seller(S) 1

SELLER

Eager-1

Ocala, Florida, United States

Category Company
Founded 1993
Sector Insurance
DESCRIPTION

Eager-1 is a professional brokerage with personal service. The Company offers an array of products ranging from Individual Whole Life Insurance, Annuities, and Pension Plans as well as Group Health. Eager-1 was founded in 1993 and is based in Ocala Florida.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1