M&A Deal Summary

World Insurance Associates Acquires Ellsworth

On September 18, 2023, World Insurance Associates acquired insurance company Ellsworth

Acquisition Highlights
  • This is World Insurance Associates’ 120th transaction in the Insurance sector.
  • This is World Insurance Associates’ 127th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in Louisiana.

M&A Deal Summary

Date 2023-09-18
Target Ellsworth
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Sica Fletcher LLC (Financial)
Satin & Lee (Legal)

Target

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.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 127 of 149
Sector (Insurance) 120 of 141
Type (Add-on Acquisition) 127 of 148
State (Louisiana) 2 of 6
Country (United States) 127 of 149
Year (2023) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Prism

Cedarhurst, New York, United States

Prism is a full brokerage services company that provides an effective approach to risk management to companies from the healthcare industry. Prism was formed in 1994 and is based in Cedarhurst, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 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.

Buy -