Lightyear Capital and BHMS Investments partnered to invest in King Risk Partners, a rapidly growing U.S. insurance brokerage, to support its ongoing expansion and market leadership efforts.

Target Information

King Risk Partners, also known simply as King, is a prominent retail insurance brokerage based in the United States. Established in 1974, the company boasts extensive expertise in both personal and commercial insurance, delivering a comprehensive suite of coverage solutions tailored to the needs of more than 55,000 clients. King has experienced remarkable growth through both organic initiatives and strategic acquisitions, successfully completing over 60 acquisitions to date. With more than 50 offices and a workforce exceeding 440 dedicated professionals, the company is poised for continued expansion across new and existing geographies and market segments.

Industry Overview

The insurance brokerage industry in the United States has been undergoing significant transformations due to advancements in technology and changes in consumer behavior. As businesses increasingly seek comprehensive risk management services, insurance brokerages like King are positioned to play a vital role in guiding clients through an evolving landscape. With a shift toward digital services and enhanced client engagement, those brokerages leveraging technology will likely outperform competitors who are slower to adapt.

Moreover, the demand for personalized insurance solutions remains strong, driven by a rising awareness of the importance of risk management across various sectors. Companies are now more inclined