M&A Deal Summary

World Insurance Associates Acquires Bafumi Insurance Agency

On November 18, 2025, World Insurance Associates acquired insurance company Bafumi Insurance Agency

Acquisition Highlights
  • This is World Insurance Associates’ 163rd transaction in the Insurance sector.
  • This is World Insurance Associates’ 173rd transaction in the United States.
  • This is World Insurance Associates’ 10th transaction in Connecticut.

M&A Deal Summary

Date 2025-11-18
Target Bafumi Insurance Agency
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) PhiloSmith & Co. (Financial)
Andros, Floyd & Miller PC (Legal)

Target

Bafumi Insurance Agency

Middletown, Connecticut, United States
Bafumi is an independent insurance broker that offers a full range of personal insurance services (auto, homeowners, life, health, boat) as well as commercial solutions and employee benefits. Bafumi was formed in 1993 and is based in Middletown, Connecticut.

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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 173 of 174
Sector: Insurance M&A 163 of 164
Type: Add-on Acquisition M&A Deals 172 of 173
State: Connecticut M&A 10 of 10
Country: United States M&A 173 of 174
Year: 2025 M&A 24 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-17 Reinig Insurance Solutions

Lakewood, Colorado, United States

Reinig Insurance Solutions specialises in providing property and casualty products and services to the health and fitness industry. Reinig Insurance Solutions is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-11-20 Mossbrook & Hicks Insurance Agency

Cape May Court House, New Jersey, United States

Mossbrook & Hicks Insurance Agency is a family-owned independent insurance agency offering both personal and commercial insurance solutions. Mossbrook & Hicks Insurance Agency was founded in 1895 and is based in Cape May Court House, New Jersey.

Buy -