K2 Acquires Rockhill Insurance Group’s GL & Gas & Propane Distribution Businesses
K2 Insurance Services has announced it has acquired the Rockhill Insurance Group’s General Liability and Gas & Propane Distribution lines of business. Rockhill is a subsidiary of State Auto.
The transaction includes K2’s purchase of Rockhill subsidiary Partners General Insurance Agency (PGIA). The PGIA General Liability operations will continue in its current locations of Simi Valley, Calif.; Naperville, Ill.; Richmond, Va.; and Dallas, Texas. The Gas & Propane Distribution operations will continue under K2 in the current Conway, Ark. office. Financial terms of the transaction were not disclosed. Keefe, Bruyette & Woods, Inc., a Stifel Company, served as financial advisor to State Auto in the transaction.
“We have known the principals of these diverse business segments for several years and are excited to be bringing their expertise to the K2 platform” – K2 President and CEO, Bob Kimmel.