King Risk Partners has acquired Conover Beyer Associates Insurance, an independent insurance agency based in Manasquan, New Jersey.
Founded in 1882, Conover Beyer offers commercial and personal insurance, employee benefits, commercial bonding, and risk management services. The family- and veteran-owned agency specialises in coastal exposures and serves contractors, restaurants, manufacturers, and other businesses.
The acquisition expands Florida-based King Risk Partners' presence in New Jersey and the broader Mid-Atlantic region. Financial terms were not disclosed.
Scott Popilek, chief executive officer of King Risk Partners, welcomed the deal.
"Conover Beyer brings generations of industry knowledge and a strong understanding of the complex risks facing businesses, individuals, and families throughout New Jersey. By bringing our teams together, we are expanding our capabilities across commercial and personal insurance, employee benefits, and risk management while creating new opportunities to support clients throughout the Mid-Atlantic," said Popilek.
