M&A Deal Summary

World Insurance Associates Acquires Insure Big Rig of Califon

On October 11, 2023, World Insurance Associates acquired insurance company Insure Big Rig of Califon

Acquisition Highlights
  • This is World Insurance Associates’ 122nd transaction in the Insurance sector.
  • This is World Insurance Associates’ 129th transaction in the United States.
  • This is World Insurance Associates’ 38th transaction in New Jersey.

M&A Deal Summary

Date 2023-10-11
Target Insure Big Rig of Califon
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Insure Big Rig of Califon

Oakwood, New Jersey, United States
Insure Big Rig of Califon offers a complete range of affordable truck insurance to truck owner-operators and fleets. Insure Big Rig of Califon was founded in 2011 and is based in Oakwood, New Jersey.

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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 129 of 149
Sector (Insurance) 122 of 141
Type (Add-on Acquisition) 129 of 148
State (New Jersey) 38 of 42
Country (United States) 129 of 149
Year (2023) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Cindy Elbert Insurance Services

Peoria, Arizona, United States

Cindy Elbert Insurance Services offers professional services designed to assist ambulance providers with their unique insurance needs. Cindy Elbert Insurance Services was formed in 1982 and is based in Peoria, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Hamond

Syosset, New York, United States

Hamond is a safety group manager that specializes in workers’ compensation for the woodworking, construction, and plumbing/heating/cooling industries. It also insure and service lumberyards and building material dealers. Hamond is based in Syosset, New York.

Buy -