Gainesville, Florida-based King Insurance said on Tuesday that they have acquired Don Martin Insurance Inc., a commercial and personal lines agency based in Fanning Springs, and Insurance Den Inc., a Homosassa agency.
for the transactions. was not disclosed.
The two agencies have a total of 14 employees, says Jay Grevers, CFO of King.
DMI has offices in Orlando and Cross City in addition to its Fanning Springs location. Its 10 employees will continue to work from their current locations under the leadership of Michael Michaelis, who has run the agency since 2000.
Insurance It focuses on commercial and personal business on the west coast of Florida. Its four employees will continue to work outside the Homosassa office.
King said in a statement that they plan to continue to broaden their footprint over the southeastern US private equity firm BHMS Investments LP invested in the brokerage house in July last year. 1