M&A Deal Summary

World Insurance Associates Acquires Crossland Insurance

On November 23, 2021, World Insurance Associates acquired insurance company Crossland Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 85th transaction in the Insurance sector.
  • This is World Insurance Associates’ 88th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in Louisiana.

M&A Deal Summary

Date 2021-11-23
Target Crossland Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Phelps Dunbar (Legal)

Target

Crossland Insurance

New Iberia, Louisiana, United States
Crossland Insurance Agency offers Auto, Home, Business, and Commercial Insurance with a focus on the transportation industry. Crossland Insurance provides quality protection for hundreds of individuals, families, and businesses throughout the United States. Crossland Insurance was founded in 2000 and is based in New Iberia, Louisiana.

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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 88 of 149
Sector (Insurance) 85 of 141
Type (Add-on Acquisition) 88 of 148
State (Louisiana) 1 of 6
Country (United States) 88 of 149
Year (2021) 23 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Governor Insurance

Vienna, Ohio, United States

Governor Insurance is an independent agency that serves the insurance needs of individuals, families, and businesses locally, regionally, and throughout the United States. Governor Insurance was established in 1947 and is headquartered in Vienna, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 PLA Insurance Services

Harrisburg, Pennsylvania, United States

PLA is a full-service, multi-solution insurance brokerage firm providing insurance solutions for the healthcare industry. Other areas of expertise include construction insurance, manufacturing insurance, agriculture, and farm insurance, and transportation insurance. PLA Insurance Services is based in Harrisburg, Pennsylvania.

Buy -