M&A Deal Summary

King Insurance Acquires Prestige Insurance

On April 9, 2024, King Insurance acquired insurance company Prestige Insurance

Acquisition Highlights
  • This is King Insurance’s 17th transaction in the Insurance sector.
  • This is King Insurance’s 17th transaction in the United States.
  • This is King Insurance’s 14th transaction in Florida.

M&A Deal Summary
Date 2024-04-09
Target Prestige Insurance
Sector Insurance
Buyer(s) King Insurance
Deal Type Add-on Acquisition

Target

Prestige Insurance

Vero Beach, Florida, United States
Prestige Insurance provides personal, commercial, and specialized insurance coverage services. Prestige Insurance was founded in 1996 and is based in Vero Beach, Florida.

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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 17 of 23
Sector (Insurance) 17 of 23
Type (Add-on Acquisition) 16 of 22
State (Florida) 14 of 15
Country (United States) 17 of 23
Year (2024) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-21 Mehta Insurance

Absecon, New Jersey, United States

Mehta Insurance is an insurance brokerage firm specializing in a wide array of insurance products, including business, flood, life insurance, and more. Mehta Insurance is based in Absecon, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Dave Alton Agency

Greenville, North Carolina, United States

Dave Alton Agency provides a full range of insurance services, based in Greenville, North Carolina.

Buy -
Mergr

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