King Risk Partners acquires New York agency

King Risk Partners  has acquired Intermarket Insurance Agency, an independent insurance agency based in Northport, New York, expanding its presence in the state and adding specialty capabilities through the agency’s Supplemental Education Insurance Program. Terms of the transaction were not disclosed.

Founded more than 80 years ago, Intermarket Insurance Agency provides personal, commercial, and liability insurance throughout New York and offers specialized insurance solutions for education-focused businesses.

King Risk Partners said the acquisition supports its strategy of growing through partnerships with independent agencies that bring specialized expertise and strong local relationships.

Headquartered in Gainesville, Florida, King Risk Partners is the 51st-largest insurance brokerage in the US, offering personal, commercial, and employee benefits insurance. The company continues to expand through a combination of organic growth and acquisitions.