King Risk Partners has acquired Spencer Financial, an independent insurance agency based in Tampa, Florida.
The transaction, whose terms were not disclosed, expands King Risk Partners’ operations in Northwest Florida.
Spencer Financial has provided personal and commercial insurance products across Florida for more than 25 years. The agency works with a range of carriers and serves clients through its local market focus.
"We are excited to welcome Spencer Financial to the King Risk Partners family," said Malcolm King, CEO of King Risk Partners. "Their exceptional reputation, industry knowledge, and strong client relationships align perfectly with our vision for strategic growth through partnerships with established, high-performing agencies. This acquisition not only expands our footprint in Florida but also enhances our ability to provide outstanding service and tailored solutions to our clients."
Marc Lovinger, owner of Spencer Financial, said the agency’s integration into King Risk Partners reflects shared business values.
"We are proud to join forces with King Risk Partners," he said. "Our shared values—excellence, integrity, and accountability—make this a natural fit. With access to King Risk's expansive resources and forward-thinking strategies, we are confident our clients will enjoy an even greater range of services and innovative insurance solutions. Together, we are committed to maintaining the personalized service our clients know and trust, while embracing new opportunities for growth and improvement."
In a separate development, Alera Group, a national insurance and financial services firm, announced the acquisition of Trinity Advisors Group (TAG), a retirement plan consulting firm based in West Chester, Pennsylvania.
The move is part of Alera Group’s strategy to expand in the Mid-Atlantic region. Financial terms of the deal were not disclosed.
"Michael and his team have earned a reputation for excellence, and we're thrilled to welcome them to the Alera Group family," said Christian Mango, executive vice president and national practice leader, Retirement Plan Services.
TAG was founded in 2006 by Michael McCabe and provides retirement plan consulting services to corporate clients in the Greater Philadelphia area. Following the acquisition, TAG will operate under The Ascent Group, an Alera Group company. ERISA Consultant Carmela Elco and client service professional Tracey Kirby will remain in their current roles.
"Joining Alera Group opens an exciting new chapter for our team and our clients," McCabe said. "We saw in Alera Group a culture that matches our own commitment to exceptional client service. With their expanded resources, we can deliver even greater value to plan sponsors and participants while maintaining the high-touch approach they expect.”
