M&A Deal Summary

World Insurance Associates Acquires Cindy Elbert Insurance Services

On September 22, 2023, World Insurance Associates acquired insurance company Cindy Elbert Insurance Services

Acquisition Highlights
  • This is World Insurance Associates’ 121st transaction in the Insurance sector.
  • This is World Insurance Associates’ 128th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in Arizona.

M&A Deal Summary

Date 2023-09-22
Target Cindy Elbert Insurance Services
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Cindy Elbert Insurance Services

Peoria, Arizona, United States
Cindy Elbert Insurance Services offers professional services designed to assist ambulance providers with their unique insurance needs. Cindy Elbert Insurance Services was formed in 1982 and is based in Peoria, Arizona.

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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 128 of 149
Sector (Insurance) 121 of 141
Type (Add-on Acquisition) 128 of 148
State (Arizona) 1 of 2
Country (United States) 128 of 149
Year (2023) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Ellsworth

Metairie, Louisiana, United States

Ellsworth is a provider of surety & bonding, insurance & risk management, & more. Ellsworth was founded in 1973 and is based in Metairie, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 Insure Big Rig of Califon

Oakwood, New Jersey, United States

Insure Big Rig of Califon offers a complete range of affordable truck insurance to truck owner-operators and fleets. Insure Big Rig of Califon was founded in 2011 and is based in Oakwood, New Jersey.

Buy -