Keystone Agency Partners has announced that its portfolio company, Keyes Coverage, has acquired Seibert Insurance Agency, extending its reach into west-central Florida.
The transaction expands Keyes Coverage’s operations across personal lines, commercial property and casualty, and specialty insurance.
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The companies did not disclose the financial terms of the transaction.
Tampa-based Seibert Insurance Agency provides personal and commercial insurance services and employs 18 people.
Seibert Insurance Agency CEO Karyn S Roeling said: “With Keyes and Keystone behind us, we can offer broader resources, more carrier access and enhanced technology, while keeping the local service our clients expect.”
Following the deal, the business will continue to operate from its existing office in Tampa while transitioning to the Keyes Coverage brand.
The acquisition marks another step in Keyes Coverage’s expansion in Florida.
The company said that partnerships completed since 2021 have resulted in its size and revenue doubling.
Seibert brings more than 150 years of combined industry experience, along with an established presence in the Tampa Bay market.
Keyes Coverage was founded in 1976 and is based in Fort Lauderdale.
It joined Keystone Agency Partners in 2022.
Established in 2020, Keystone is a US retail insurance broker that works with independent agencies through distribution, partnerships, services and capital support.
Keyes Coverage CEO David Ragno added: “We are excited to welcome the Seibert team to Keyes Coverage. It gives us a true West Coast presence in Tampa and a strong foundation to strategically build out the market, and it continues the thoughtful growth we have pursued as part of Keystone.”
The Seibert transaction follows another Florida deal announced by Keyes Coverage in November last year, when it acquired Miami-based Filer Insurance.
Filer Insurance, founded by Henry H. Filer, has operated in south Florida since 1919 and served clients in the region for more than 100 years.
Its personal insurance products include homeowners, motor, flood and boat cover.
