M&A Deal Summary

World Insurance Associates Acquires Lampe-Batkin Associates

On April 23, 2019, World Insurance Associates acquired insurance company Lampe-Batkin Associates

Acquisition Highlights
  • This is World Insurance Associates’ 19th transaction in the Insurance sector.
  • This is World Insurance Associates’ 20th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2019-04-23
Target Lampe-Batkin Associates
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Lampe-Batkin Associates

Greenwich, Connecticut, United States
Lampe-Batkin Associates LLC is a family-run insurance agency that serves the communities of Connecticut and New York. Hy Lampe founded the agency in the 1950s, and his son-in-law, Steve Batkin, now runs the business. Lampe-Batkin Associates provides personal and business insurance solutions for all its clients’ basic and unique needs, including life insurance and coverage for high net worth individuals.

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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 20 of 148
Sector (Insurance) 19 of 140
Type (Add-on Acquisition) 20 of 147
State (Connecticut) 2 of 8
Country (United States) 20 of 148
Year (2019) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Professional Insurance Associates

Carlstadt, New Jersey, United States

Professional Insurance Associates, Inc. has been meeting the insurance needs of both commercial and personal lines clients, as well as public entities, for over 60 years. In addition to benefits and financial services, Professional Insurance Associates, Inc. also specializes in providing its contractor clients with a full range of contract surety bonding services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Joseph A. Britton Agency

Mountainside, New Jersey, United States

Joseph A. Britton Agency, Inc. is a provider of medical malpractice insurance and other insurance products for physicians, group practices and healthcare facilities. Joseph A. Britton Agency, Inc. was founded in 1968 and is based in Mountainside, New Jersey.

Buy -
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