M&A Deal Summary

World Insurance Associates Acquires First International Insurance

On October 1, 2024, World Insurance Associates acquired insurance company First International Insurance from First International Bank & Trust

Acquisition Highlights
  • This is World Insurance Associates’ 135th transaction in the Insurance sector.
  • This is World Insurance Associates’ 143rd transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2024-10-01
Target First International Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Sellers(s) First International Bank & Trust
Deal Type Divestiture

Target

First International Insurance

Fargo, North Dakota, United States
First International Insurance offers personal insurance products for every need and every budget. First International Insurance is based in Fargo, North Dakota.

Search 201,157 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 143 of 148
Sector (Insurance) 135 of 140
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 143 of 148
Year (2024) 8 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-01 Skylands

Flanders, New Jersey, United States

Skylands provides property, casualty, life, and health insurance for businesses, individuals, and families. Skylands was founded in 2017 and is based in Flanders, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-11 The Firm Of Louisiana Property & Casualty

Lake Charles, Louisiana, United States

The Firm Of Louisiana Property & Casualty is an independent insurance agency. The Company was founded in 2008 and is based in Lake Charles, Louisiana.

Buy -

Seller(S) 1

SELLER

First International Bank & Trust

Watford City, North Dakota, United States
Category Company
Founded 1910
Sector Financial Services
DESCRIPTION

First International Bank & Trust is a financial institution offers a range of services, including personal and business banking, mortgage lending, insurance, and trust services. First International Bank & Trust was founded in 1910 and is based in Watford City, North Dakota.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

Legal