King Insurance Partners buys New Jersey agency

Gainesville, Florida-based King Insurance Partners said Wednesday it has acquired Pavese-McCormick Agency Inc. of Monmouth Junction, New Jersey.

Terms of the transaction were not disclosed.

Pavese-McCormick provides personal and commercial lines coverages, including property and liability lines as well as specialties including cannabis.

Ray Pavese and Mike McCormick, third-generation owners of the agency, will continue to lead it at the current location, according to a King statement.