King Risk Partners has completed its acquisition of Viper Risk Management Group, as it continues to expand its footprint and diversify its product offerings across various markets.
Financial terms of the acquisition were not disclosed.
Viper Risk Management is an independent insurance company based in Florida. It provides specialized insurance solutions for racetracks/motorsports, manufacturers, part warehouses, restaurants and taverns, construction, transportation, manufacturing, retail services and distribution industries.
Malcolm King, chief executive of King Risk Partners, said Viper Risk Management is a valuable addition to the company and that he is excited about the acquisition.
“Their expertise in delivering tailored risk management solutions across a variety of industries makes them a valuable asset to our team and an excellent resource for our clients.”
For Viper Risk Management, the deal is a “pivotal advancement,” especially since it will work with a company that shares its values and goals.
“Our shared values and aligned goals create a strong foundation for success, allowing us to maintain our commitment to delivering customized insurance solutions and exceptional service to our clients,” said Shawn Martin, president of Viper Risk Management. “With the expanded resources and expertise of King Risk Partners, we are poised to broaden our offerings, reach new markets and elevate the value we provide.”
King Risk Partners is an insurance broker offering a wide range of insurance products and services throughout the broader Eastern and Southeastern regions of the US.
Meanwhile, Cypress Risk Management was acquired by the company in September. Cypress has leveraged its team’s agricultural and business backgrounds to create tailored insurance solutions for local businesses.
