M&A Deal Summary

World Insurance Associates Acquires Bozzuto Associates

On August 11, 2021, World Insurance Associates acquired insurance company Bozzuto Associates

Acquisition Highlights
  • This is World Insurance Associates’ 77th transaction in the Insurance sector.
  • This is World Insurance Associates’ 80th transaction in the United States.
  • This is World Insurance Associates’ 6th transaction in Connecticut.

M&A Deal Summary
Date 2021-08-11
Target Bozzuto Associates
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Secor, Cassidy & McPartland P.C. (Legal)

Target

Bozzuto Associates

Litchfield, Connecticut, United States
website
Bozzuto Associates is an insurance agency specializing in health, life, disability, and other benefit plans for employers, employees, and individuals, based in Litchfield, Connecticut.

Search 192,611 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

World Insurance Associates

Iselin, New Jersey, United States

website

Category Company
Founded 2012
Sector Insurance
DESCRIPTION

World Insurance Associates offers comprehensive insurance coverage, risk management strategies, and benefits consulting services for businesses and individuals. The Company focuses on property and casualty lines and has built centers of excellence in specialized industries such as transportation, hospitality, self-storage facilities, non-profits, and construction. WIA operates 40 offices in 11 states and has grown through a combination of organic growth and agency acquisitions, with 53 completed to-date. World Insurance Associates was founded in 2012 and is based in Iselin, New Jersey.

DEAL STATS #
Overall 80 of 137
Sector (Insurance) 77 of 129
Type (Add-on Acquisition) 80 of 137
State (Connecticut) 6 of 8
Country (United States) 80 of 137
Year (2021) 15 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 McFarlin Insurance

Columbia, Maryland, United States

McFarlin Insurance is an independent retail insurance agency. McFarlin Insurance was founded in 1939 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Torell

Port Saint Lucie, Florida, United States

Torell provides insurance products to the aviation business, and they have been providing clients with aviation underwriting partner relationships for many years. Torell is based in Port Saint Lucie, Florida.

Buy -
Mergr

Product

Company

Legal