M&A Deal Summary

World Insurance Associates Acquires AIV Group

On July 26, 2016, World Insurance Associates acquired insurance company AIV Group

Acquisition Highlights
  • This is World Insurance Associates’ 6th transaction in the Insurance sector.
  • This is World Insurance Associates’ 6th transaction in the United States.
  • This is World Insurance Associates’ 4th transaction in New Jersey.

M&A Deal Summary

Date 2016-07-26
Target AIV Group
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

AIV Group

Avenel, New Jersey, United States
AIV Group LLC is a provider of property and casualty insurance services. AIV Group was established in 2010 and is headquartered in Avenel, New Jersey.

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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 6 of 149
Sector (Insurance) 6 of 141
Type (Add-on Acquisition) 6 of 148
State (New Jersey) 4 of 42
Country (United States) 6 of 149
Year (2016) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-31 Alamo Insurance Services

Toms River, New Jersey, United States

Alamo Insurance Services, Inc. is a provider of automobile, homeowners, flood, health, life and commercial insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Harry Herbst & Associates

Morganville, New Jersey, United States

Harry Herbst & Associates is a provider of health and life insurance services to more than 150 business owners. Harry Herbst was established in 1978 and is headquartered in Morganville, New Jersey.

Buy -