King Risk Partners secures investment from Lightyear
Lightyear Capital, a New York-based private equity firm, completed a growth investment in King Risk Partners alongside existing shareholder BHMS Investments, which will roll a majority of its existing equity and invest additional capital, and the company’s management team.
King Risk Partners , “one of the fastest-growing insurance brokerages in the US,” is a retail insurance brokerage with expertise in personal and commercial insurance, offering a full line of coverage solutions to over 55,000 clients. Since its founding in 1974, King has completed over 60 acquisitions. The new investment will support King’s continued expansion into new and existing geographies and end markets.
“We are thrilled to be partnering with Lightyear and BHMS as we continue to build our business and achieve our mission of delivering comprehensive insurance solutions. Lightyear offers extensive industry knowledge and hands-on operating capabilities for fueling expansion. Working with BHMS has been very rewarding, and I look forward to collaborating with both teams as we explore new avenues for growth together.” – Malcolm “Chad” King, Chief Executive Officer of King.
“We look forward to supporting King as part of the portfolio. Chad and the King management team have built a dynamic insurance brokerage platform with incredible potential for scale. We look forward to leveraging our deep sector expertise and partnering with BHMS to grow the business.” – Mark Vassallo, Managing Partner at Lightyear.
“Our investment in King is consistent with our long-term thematic focus on insurance distribution, and we are delighted to join King and BHMS as the Company enters this next chapter of growth.” – Trevor Pieri, Principal at Lightyear.
“King is a unique company in the insurance brokerage sector, which continues to be an attractive industry for us. We are proud to continue our partnership with the King team and are excited to welcome Lightyear as an investment partner.” – Anthony Recine, Managing Director at BHMS.
