M&A Deal Summary

World Insurance Associates Acquires American Trust Insurance

On December 5, 2023, World Insurance Associates acquired insurance company American Trust Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 124th transaction in the Insurance sector.
  • This is World Insurance Associates’ 132nd transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in South Dakota.

M&A Deal Summary

Date 2023-12-05
Target American Trust Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

American Trust Insurance

Huron, South Dakota, United States
American Trust Insurance provides personal and commercial insurance, health and life insurance, and specializes in crop/agricultural/farm insurance. American Trust Insurance was founded in 2004 and is based in Huron, South Dakota.

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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 132 of 149
Sector (Insurance) 124 of 141
Type (Add-on Acquisition) 132 of 148
State (South Dakota) 2 of 2
Country (United States) 132 of 149
Year (2023) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Foy Insurance

Exeter, New Hampshire, United States

Foy Insurance provides insurance products to individuals and businesses, as well as special programs including equine insurance and sports insurance. Foy Insurance was founded in 1893 and is based in Exeter, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Exchange Underwriters

Washington, Pennsylvania, United States

Exchange Underwriters provides personal and commercial lines insurance exclusively in the Washington County area. Exchange Underwriters was founded in 1952 and is based in Washington, Pennsylvania.

Buy -