M&A Deal Summary

World Insurance Associates Acquires Exchange Underwriters

On December 13, 2023, World Insurance Associates acquired insurance company Exchange Underwriters

Acquisition Highlights
  • This is World Insurance Associates’ 125th transaction in the Insurance sector.
  • This is World Insurance Associates’ 133rd transaction in the United States.
  • This is World Insurance Associates’ 8th transaction in Pennsylvania.

M&A Deal Summary

Date 2023-12-13
Target Exchange Underwriters
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Luse Gorman
Knox McLaughlin Gornall & Sennett (Legal)

Target

Exchange Underwriters

Washington, Pennsylvania, United States
Exchange Underwriters provides personal and commercial lines insurance exclusively in the Washington County area. Exchange Underwriters was founded in 1952 and is based in Washington, Pennsylvania.

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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 133 of 149
Sector (Insurance) 125 of 141
Type (Add-on Acquisition) 133 of 148
State (Pennsylvania) 8 of 8
Country (United States) 133 of 149
Year (2023) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 American Trust Insurance

Huron, South Dakota, United States

American Trust Insurance provides personal and commercial insurance, health and life insurance, and specializes in crop/agricultural/farm insurance. American Trust Insurance was founded in 2004 and is based in Huron, South Dakota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Calhoun Agency

Haddonfield, New Jersey, United States

Calhoun Agency provides a full range of insurance services. Calhoun Agency was founded in 1926 and is based in Haddonfield, New Jersey.

Buy -