M&A Deal Summary

World Insurance Associates Acquires Mazzotta Insurance Agency

On March 1, 2020, World Insurance Associates acquired insurance company Mazzotta Insurance Agency

Acquisition Highlights
  • This is World Insurance Associates’ 30th transaction in the Insurance sector.
  • This is World Insurance Associates’ 31st transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in Rhode Island.

M&A Deal Summary

Date 2020-03-01
Target Mazzotta Insurance Agency
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Mazzotta Insurance Agency

Providence, Rhode Island, United States
website
Mazzotta Insurance Agency is a provider of insurance protection for homes, autos, rentals, and businesses. Mazzotta Insurance Agency was founded in 1968 and is based in Providence, Rhode Island.

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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 31 of 137
Sector (Insurance) 30 of 129
Type (Add-on Acquisition) 31 of 137
State (Rhode Island) 2 of 5
Country (United States) 31 of 137
Year (2020) 1 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-09 J & S Risk Planning Group

Wantagh, New York, United States

J & S Risk Planning Group LLC provides insurance services for the New York and New Jersey metropolitan areas. J & S Risk Planning Group LLC offers a variety of insurance products for Commercial, Personal, Group Benefits, Health, and Financial clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Lewis-Chester Associates

Summit, New Jersey, United States

Lewis-Chester Associates, Inc. is a full service, independent insurance agency providing insurance, benefits, and financial services for a wide spectrum of clients. Lewis-Chester Associates was established in 1947 and is based in Summit, New Jersey.

Buy -