M&A Deal Summary

World Insurance Associates Acquires Strovis Holdings

On December 17, 2020, World Insurance Associates acquired diversified company Strovis Holdings

Acquisition Highlights
  • This is World Insurance Associates’ 1st transaction in the Diversified sector.
  • This is World Insurance Associates’ 63rd transaction in the United States.
  • This is World Insurance Associates’ 3rd transaction in South Carolina.

M&A Deal Summary
Date 2020-12-17
Target Strovis Holdings
Sector Diversified
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Strovis Holdings

Georgetown, South Carolina, United States
website
Strovis Holdings LLC is a multifaceted company offering payroll, HR and benefits solutions for businesses as well as an insurance agency providing both personal and commercial coverages. Strovis Holdings was founded in 1998 and is based in Georgetown, South Carolina.

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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 63 of 137
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 63 of 137
State (South Carolina) 3 of 5
Country (United States) 63 of 137
Year (2020) 33 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 The Watts Group

West Hartford, Connecticut, United States

The Watts Group LLC is a surety bond and P&C agency. The Watts Group was founded in 2003 and is based in West Hartford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 R.S. Gilmore Insurance Agency

Attleboro, Massachusetts, United States

R.S. Gilmore Insurance Agency, Inc. provides asset and lifestyle protection with insurance, risk management and specializes in the following industries: manufacturers, restaurants, condo associations, contractors, commercial property, and all types of professional liability. R.S. Gilmore Insurance Agency was founded in 1938 and is based in Attleboro, Massachusetts.

Buy -
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