M&A Deal Summary

World Insurance Associates Acquires AIM

On July 16, 2024, World Insurance Associates acquired insurance company AIM

Acquisition Highlights
  • This is World Insurance Associates’ 132nd transaction in the Insurance sector.
  • This is World Insurance Associates’ 140th transaction in the United States.
  • This is World Insurance Associates’ 6th transaction in Rhode Island.

M&A Deal Summary

Date 2024-07-16
Target AIM
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

AIM

Warwick, Rhode Island, United States
AIM is a provider of personal or business insurance services. AIM was founded in 1937 and is based in Warwick, Rhode Island.

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Buyer(S) 1

Buyer

World Insurance Associates

Iselin, New Jersey, United States

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 140 of 149
Sector (Insurance) 132 of 141
Type (Add-on Acquisition) 140 of 148
State (Rhode Island) 6 of 6
Country (United States) 140 of 149
Year (2024) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-01 NorthStar Insurance Services

Needham, Massachusetts, United States

NorthStar Insurance Services is an insurance agency that provides business and personal insurance services. NorthStar Insurance Services was founded in 1995 and is based in Needham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Skylands

Flanders, New Jersey, United States

Skylands provides property, casualty, life, and health insurance for businesses, individuals, and families. Skylands was founded in 2017 and is based in Flanders, New Jersey.

Buy -