GAINESVILLE, Fla., July 9, 2024
/PRNewswire/ -- King Insurance Partners is proud to announce a
significant milestone in its continued journey of growth and
excellence. Since 2021, they have achieved a remarkable increase of
over 15 times in revenue and are on track to surpass $75 million by the end of this year. This success
is largely attributed to their strategic mergers and acquisitions,
coupled with consistent organic growth. Over the past three years,
King has completed 36 acquisitions, expanding their team to nearly
300 talented individuals.
This week, King Insurance Partners has further announced they
have welcomed Pete Gilbertson as the
new President of the organization. Pete brings with him an
impressive 35-year career in the insurance brokerage industry. Most
recently, he served as Executive Vice President at USI, where he
oversaw California operations
across 10 offices with 450 employees. His previous roles include
Executive Vice President & Regional Managing Director (North
Region) at Wells Fargo Insurance Services and Assistant Vice
President at Marsh. Pete holds a degree in Economics from
Lafayette College and an MBA from the
Leonard N. Stern School of Business
(NYU).
Pete's extensive experience spans various functions within an
insurance broker, from sales and M&A to operations. His
leadership will be instrumental in driving King Insurance Partners'
growth and enhancing their ability to serve clients
effectively.
Malcolm (Chad) King, Founder and
CEO of King Insurance Partners, stated, "Pete is the perfect
complement to our exceptional team and organization. He brings a
wealth of experience and knowledge across many disciplines within
P&C insurance. Through leveraging Pete's deep experience, I am
certain that King will collectively achieve their ambitious
goals."
Pete Gilbertson also expressed
his enthusiasm, saying, "I am beyond excited to join the King
Insurance Partners team. They have collectively built an
unbelievable and highly regarded insurance broker. Together, I am
confident in our ability to continue along King's
already-impressive organic and inorganic growth trajectory."
As King continues to explore growth opportunities, Pete's
leadership will be integral in helping King Insurance Partners
achieve their goal of becoming a top 25 U.S. P&C broker.
For more information, please
contact: info@king-insurance.com
About King Insurance Partners:
King Insurance Partners is a leading insurance brokerage firm
committed to providing comprehensive insurance solutions and
exceptional client service. Their strategic growth through mergers
and acquisitions, combined with organic development, positions them
as a top player in the insurance industry. Learn more at
www.king-insurance.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/king-insurance-partners-announces-new-president-amidst-remarkable-growth-302192505.html
SOURCE King Insurance Partners