King Insurance Agency for Sale is for sale and is looking for buyers.
The company was started by King founder James B. King in 1984 and is headquartered in Indianapolis.
“We’re looking for an investment banker who is experienced in capital markets, is able to work with other experts and can drive the process of selling insurance across multiple insurance markets,” said KingInsuranceBiz president and CEO Jim Lachance.
King will sell the company to a group of investors, including former Merrill Lynch partner and current Vice President of Capital Markets and Risk Management, Thomas Lachace.
In February, Lachace resigned from Merrill Lynch to join the new company.
Laurie King will continue to run the company and will remain in his current role as its president.
“Lauriel is a visionary in the insurance business and has proven himself as a leader with the KingInsurance team.
He will bring a wealth of experience to the role, and we are thrilled to have him join the team,” LACHACE said.
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