King Risk bolsters Midwest presence with Ohio-based BBC&K acquisition

By Mia MacGregor

Feb 4 - (The Insurer) - Private equity-backed broker King Risk Partners has acquired Dayton, Ohio-based Barker, Beck, Collins & Kronauge Agency (BBC&K), further extending its presence in the Midwest.

Founded in 1923, BBC&K is an independent insurance agency that specialises in auto, home and business insurance. The agency has also refined its group health and long-term care offerings to meet growing demand, according to King Risk.

“This acquisition not only expands our footprint into Ohio but also reinforces our ability to provide top-tier service in the Midwest,” said Malcolm King, CEO of King Risk.

Last week, King Risk announced that it had acquired Hendersonville, Tennessee-based Pigg Insurance, expanding its presence in the Southeast US.

Other acquisitions this year include Bruce Hendry Insurance and Viper Risk Management Group, both based in Florida.

In January 2022, King Risk secured financing from Madison Capital Funding to support its growth plan, with the firm aiming to acquire 12 to 18 agencies annually. That followed BHMS Investments completing what it described as “a material investment” in King Risk in 2021.