US insurer broker and employee benefits solutions provider King Insurance has acquired Piedmont Insurance Associates.
Georgia-based Piedmont dates back to 1948 when it was the Spillers Agency and today is led by David Wilson and Phil Boswell, each of whom merged their respective agencies together in the mid 1990s to form Piedmont.
Piedmont is a full-service agency offering insurance products to commercial and personal lines customers from its line up of insurance carrier partners. Wilson, Boswell and their team will continue operating out of their current locations.
Chad King, chief executive officer of King Insurance, said: “We are excited to expand into Georgia with such a high-quality agency.
“This is an important milestone for us as we execute on our strategy to be a major player in the Southeast.”
Wilson added: “We are excited to partner with King Insurance at such an early stage of their journey and to be part of their overall growth strategy.”
This acquisition marks King’s 11th over the past year and the fourth since the company’s partnership with BHMS Investments.
The firm added it plans to continue to broaden its footprint across the south east of the US and expects to announce a number of acquisitions in the upcoming months.