M&A Deal Summary

World Insurance Associates Acquires Flanagan Associates

On November 25, 2020, World Insurance Associates acquired insurance company Flanagan Associates

Acquisition Highlights
  • This is World Insurance Associates’ 58th transaction in the Insurance sector.
  • This is World Insurance Associates’ 60th transaction in the United States.
  • This is World Insurance Associates’ 4th transaction in Connecticut.

M&A Deal Summary
Date 2020-11-25
Target Flanagan Associates
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Brenner Saltzman & Wallman (Legal)

Target

Flanagan Associates

North Haven, Connecticut, United States
Flanagan Associates LLC is a provider of personal, commercial, and life insurance services. Flanagan Associates works with regional and national insurance carriers to provide the best quality coverage and industry-leading customer service. Flanagan Associates is based in North Haven, Connecticut.

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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 60 of 148
Sector (Insurance) 58 of 140
Type (Add-on Acquisition) 60 of 147
State (Connecticut) 4 of 8
Country (United States) 60 of 148
Year (2020) 30 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-13 Ball Insurance Services

Merrillville, Indiana, United States

Ball Insurance Services is a Property & Casualty focused agency, specializing in auto and motorcycle insurance. Ball Insurance values its client relationships and believes in providing the highest level of service and expertise. Ball Insurance Services was founded in 1962 and is based in Merrillville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 Insurance Solution Network

Villa Park, Illinois, United States

Insurance Solution Network LLC provides a range of insurance solutions specializes in light manufacturing and employee benefits. Insurance Solution Network is based in Villa Park, Illinois.

Buy -
Mergr

Product

Company

Legal