M&A Deal Summary

World Insurance Associates Acquires Lindberg & Associates Insurance

On July 1, 2020, World Insurance Associates acquired insurance company Lindberg & Associates Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 38th transaction in the Insurance sector.
  • This is World Insurance Associates’ 40th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in Virginia.

M&A Deal Summary

Date 2020-07-01
Target Lindberg & Associates Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Lindberg & Associates Insurance

Poquoson, Virginia, United States
Lindberg & Associates Insurance LLC is an independent insurance agency that provides all forms of property and casualty insurance and employee benefits programs. Lindberg & Associates Insurance is based in Poquoson, Virginia.

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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 40 of 149
Sector (Insurance) 38 of 141
Type (Add-on Acquisition) 40 of 148
State (Virginia) 1 of 7
Country (United States) 40 of 149
Year (2020) 10 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Pinnacle Insurance Group of Indiana

Crown Point, Indiana, United States

Pinnacle Insurance Group of Indiana is an insurance and risk management advisor to commercial and personal insurance clients. Pinnacle Insurance Group of Indiana is based in Crown Point, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-08 Bentsen Combies Insurance

Greenwich, Rhode Island, United States

Bentsen Combies Insurance, Inc. is an independent insurance agency that has been serving the local community. Bentsen Combies Insurance was founded in 1946 and is based in Greenwich, Rhode Island.

Buy -