M&A Deal Summary

World Insurance Associates Acquires Amato Insurance Agency

On December 4, 2018, World Insurance Associates acquired insurance company Amato Insurance Agency

Acquisition Highlights
  • This is World Insurance Associates’ 13th transaction in the Insurance sector.
  • This is World Insurance Associates’ 13th transaction in the United States.
  • This is World Insurance Associates’ 8th transaction in New Jersey.

M&A Deal Summary
Date 2018-12-04
Target Amato Insurance Agency
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Amato Insurance Agency

Neptune, New Jersey, United States
Amato Insurance Agency is an independent insurance agency focuses on people helping people: professional service with a personal touch. Amato provides automotive service businesses, Amato Insurance Agency is able to provide superior coverage in addition to exclusive benefits to members of many major Automotive Associations, to which the Agency is a proud supporter and active participant. Amato Insurance Agency was founded in 1994 and is based in Neptune, 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 13 of 149
Sector (Insurance) 13 of 141
Type (Add-on Acquisition) 13 of 148
State (New Jersey) 8 of 42
Country (United States) 13 of 149
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-20 Insure.net

North Haven, Connecticut, United States

Insure.net LLC provides all lines of insurance, including personal, commercial and employee benefits. Insure.net LLC was founded in 2006 and is based in North Haven, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 United Brokerage Services International

New York, New York, United States

United Brokerage Services International, Inc. specializes in insurance programs for the hospitality sector, construction, and group health plans. UBS International has insured hundreds of vessels for Hull and Machinery, using Average Adjusting to help reach equitable solutions on claims for its clients.

Buy -
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