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’ 131st transaction in the Insurance sector.
  • This is World Insurance Associates’ 139th 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 139 of 146
Sector (Insurance) 131 of 138
Type (Add-on Acquisition) 139 of 146
State (Rhode Island) 6 of 6
Country (United States) 139 of 146
Year (2024) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 InterWeb Insurance

Lake Havasu, Arizona, United States

InterWeb Insurance provides commercial insurance, focusing on E&O coverage for customers in the financial services sector. InterWeb was founded in 2008 and is based in Lake Havasu, Arizona.

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 -