M&A Deal Summary

World Insurance Associates Acquires HTK Insurance Agency

On January 4, 2016, World Insurance Associates acquired insurance company HTK Insurance Agency

Acquisition Highlights
  • This is World Insurance Associates’ 4th transaction in the Insurance sector.
  • This is World Insurance Associates’ 4th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in New Jersey.

M&A Deal Summary

Date 2016-01-04
Target HTK Insurance Agency
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

HTK Insurance Agency

Tinton Falls, New Jersey, United States
HTK (Hunt, Traina, Kennard) Insurance Agency, Inc. is an independent, all lines insurance agency.

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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 4 of 148
Sector (Insurance) 4 of 140
Type (Add-on Acquisition) 4 of 147
State (New Jersey) 2 of 42
Country (United States) 4 of 148
Year (2016) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Bux-Mont Agency

Southampton, Pennsylvania, United States

Bux-Mont Agency Ltd. is a provider of insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-31 Alamo Insurance Services

Toms River, New Jersey, United States

Alamo Insurance Services, Inc. is a provider of automobile, homeowners, flood, health, life and commercial insurance services.

Buy -