King Risk Partners acquires two Florida agencies

King Risk Partners  has acquired Risk Avoidance Managers and Coastal Insurors, adding professional liability and cyber insurance expertise in Florida. Terms were not disclosed.

St. Petersburg-based Risk Avoidance Managers was founded in 2000, while Lakeland-based Coastal Insurors was founded in 1994. Both agencies serve individual professionals and professional services firms, including law firms, accounting firms and financial planners throughout Florida.

The acquisitions expand Gainesville-based King’s specialty capabilities. The brokerage offers personal, commercial and employee benefits insurance and is growing organically and through acquisitions.

Michael Halfast, a producer for both acquired agencies, said joining King will provide broader capabilities, expanded market access and additional resources for clients.