M&A Deal Summary

World Insurance Associates Acquires Mid Atlantic Insurance

On January 24, 2022, World Insurance Associates acquired insurance company Mid Atlantic Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 97th transaction in the Insurance sector.
  • This is World Insurance Associates’ 101st transaction in the United States.
  • This is World Insurance Associates’ 7th transaction in Virginia.

M&A Deal Summary

Date 2022-01-24
Target Mid Atlantic Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Hirschler Fleischer (Legal)

Target

Mid Atlantic Insurance

Richmond, Virginia, United States
Mid Atlantic Insurance is a commercial wholesaler that writes business in 40 states with over 30 top-rated carriers. Mid Atlantic Insurance was founded in 1994 and is based in Richmond, 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 101 of 148
Sector (Insurance) 97 of 140
Type (Add-on Acquisition) 101 of 147
State (Virginia) 7 of 7
Country (United States) 101 of 148
Year (2022) 5 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Steve Love Insurance

Virginia Beach, Virginia, United States

Steve Love Insurance is a provider of personal insurance, including car, home, and life, as well as business insurance. Steve Love Insurance is based in Virginia Beach, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-27 Pardee’s Agency

Kingston, New York, United States

Pardee’s Agency is a provider of a full range of insurance services. Pardee’s Agency was founded in 1863 and is based in Kingston, New York.

Buy -