M&A Deal Summary

World Insurance Associates Acquires CIA

On February 16, 2022, World Insurance Associates acquired insurance company CIA

Acquisition Highlights
  • This is World Insurance Associates’ 102nd transaction in the Insurance sector.
  • This is World Insurance Associates’ 106th transaction in the United States.
  • This is World Insurance Associates’ 8th transaction in Connecticut.

M&A Deal Summary

Date 2022-02-16
Target CIA
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Andros, Floyd & Miller PC (Legal)

Target

CIA

Hamden, Connecticut, United States
CIA is an independently owned and locally operated insurance agency, that offers personal insurance, vehicle, property, health, and life and business insurance solutions. CIA was founded in 1996 and is based in Hamden, 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 106 of 149
Sector (Insurance) 102 of 141
Type (Add-on Acquisition) 106 of 148
State (Connecticut) 8 of 8
Country (United States) 106 of 149
Year (2022) 10 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 J.K. Olivieri Insurance

Middleboro, Massachusetts, United States

J.K. Olivieri Insurance is a provider of auto and home insurance to individuals, as well as commercial insurance. J.K. Olivieri Insurance was founded in 1979 and is headquartered in Middleboro, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Allied Partners Insurance

Gaithersburg, Maryland, United States

Allied Partners Insurance's mission is to find quality, competitive insurance products tailored to customer needs--providing them with security and peace of mind. Allied Partners Insurance was established in 2014 and is based in Gaithersburg, Maryland.

Buy -