King Risk Partners, an insurance brokerage firm, has acquired Coates Insurance Agency in Glen Allen, Virginia, strengthening the group’s footprint along the East Coast.

For over two and a half decades, Coutts Insurance Agency has been in business, offering a wide range of personal and commercial insurance products.

Under the leadership of its CEO Bryant Clinton Coates, the company is known for its customer-centric approach and strong community relationships, making it a trusted provider for individuals and businesses alike.

“We are delighted to add Coutts Insurance Agency to the King Risk Partners family,” said Malcolm King, CEO of King Risk Partners, of the deal, the financial terms of which were not disclosed.

“Their deep roots in Virginia, combined with their commitment to exceptional service, align perfectly with our values ​​and goals. This acquisition will expand our reach in the region while maintaining our commitment to excellence.”

Likewise, Coates emphasized the benefits of integration for both his team and his clients.

“Joining King Risk Partners allows us to expand our resources and expertise, and enhance the value we deliver to our clients,” he said. “We have always focused on providing the best possible service, and with King’s support, we will be able to take that to the next level.

“I am excited about the future and look forward to continued success with King Risk Partners.”

Recent deals by King Risk Partners include its acquisition of Exclusive Programs, a waste management insurance specialist.

What do you think of this story? Share your thoughts in the comments below.