King Insurance Partners, a US-based company, has acquired Lincoln Insurance Group for an undisclosed sum.
The acquired entity is a Georgia-based independent insurance agency with more than 70 years of experience.
This move is part of King Insurance Partners’ goal to expand its service offerings and enhance its presence in the Georgia market.
Lincoln Insurance Group has partnerships with several carriers, providing customised auto, home, life and business insurance solutions.
The acquisition not only increases King Insurance Partners’ reach within Georgia but is also said to strengthen its team.
King Insurance Partners CEO Malcolm King said: “We are delighted to welcome Lincoln Insurance Group into the King Insurance Partners family. Their extensive experience and customer-centric approach are in perfect harmony with our values. We believe this partnership will significantly enhance our ability to provide comprehensive insurance solutions to a broader clientele.”
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By GlobalDataLincoln Insurance Group principal Timothy Thompson said: “Becoming part of King Insurance Partners opens up a wealth of new possibilities for us and our clients. Joining forces with King not only strengthens our service offerings but also allows us to introduce new, innovative solutions to our clients. We can’t wait to see what this new chapter brings.”
Lincoln Insurance Group’s acquisition follows King Insurance Partners’ recent acquisition of Barnette and Coates, a Hendersonville-based agency with more than 50 years’ experience offering personal and commercial insurance.
Under the leadership of Jimmy Barnette, Barnette and Coates has served multiple generations with insurance products and service.
Earlier in May, King Insurance Partners also acquired Palmer Insurance, an agency in Bainbridge, Georgia.
Led by Matt Palmer, Palmer Insurance offers both personal and commercial insurance services.