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K2 buys Rockhill Insurance's general liability, gas and propane businesses

K2 Insurance Services LLC has acquired the general liability and gas and propane distribution lines of business of Rockhill Insurance Group.

Rockhill subsidiary Partners General Insurance Agency LLC is included in the transaction. Its general liability operations will continue in its current locations of Simi Valley, Calif.; Naperville, Ill.; Richmond, Va.; and Dallas. The gas and propane distribution operations will continue under K2 in the current Conway, Ark., office.

Financial terms of the transaction were not disclosed. Keefe Bruyette & Woods Inc. served as financial adviser to State Automobile Mutual Insurance Co., the parent company of Rockhill Insurance Group.