Add-on Acquisition • Insurance

World Insurance Associates Acquires O’Brien and Gibbons

On August 1, 2022, World Insurance Associates acquired insurance company O’Brien and Gibbons

Acquisition Context
  • This is World Insurance Associates’ 116th transaction in the Insurance sector.
  • This is World Insurance Associates’ 123rd transaction in the United States.
  • This is World Insurance Associates’ 9th transaction in Massachusetts.

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M&A Deal Summary

Date August 1, 2022
Target O’Brien and Gibbons
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target Company

O’Brien and Gibbons

Worcester, Massachusetts, United States
O’Brien and Gibbons is a retail insurance agency focused on Personal Lines and Commercial Lines. O’Brien and Gibbons was founded in 1961 and is based in Worcester, Massachusetts.
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Buyer Overview 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 Context for Buyer #
Overall 123 of 176
Sector: Insurance 116 of 166
Type: Add-on Acquisition 123 of 175
State: Massachusetts 9 of 10
Country: United States 123 of 176
Year: 2022 27 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Tarpey

Wakefield, Massachusetts, United States

Tarpey is an insurance agency, that provides a variety of products and services for individuals and businesses. was founded in 1979 and is based in Wakefield, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-01 IKM Insurance Agency

Harvey Cedars, New Jersey, United States

IKM Insurance Agency provides personal insurance programs for auto, home, coastal homes, seasonal and vacation homes, and rental homes. IKM is based in Harvey Cedars, New Jersey.

Buy -