M&A Deal Summary

World Insurance Associates Acquires Pensionmark

On March 16, 2022, World Insurance Associates acquired financial services company Pensionmark

Acquisition Highlights
  • This is World Insurance Associates’ 1st transaction in the Financial Services sector.
  • This is World Insurance Associates’ 108th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in California.

M&A Deal Summary
Date 2022-03-16
Target Pensionmark
Sector Financial Services
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Ardea Partners (Financial)
Alston & Bird (Legal)

Target

Pensionmark

Santa Barbara, California, United States
Pensionmark network represents more than 320 advisors and staff across 65 U.S. locations with more than 4,000 retirement plan clients. The Pensionmark network of retirement specialists includes defined contribution, defined benefit, terminal funding, not-for-profit, wealth management and executive/deferred compensation specialists. Pensionmark was founded in 1988 and is based in Santa Barbara, California.

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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 108 of 149
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 108 of 148
State (California) 1 of 1
Country (United States) 108 of 149
Year (2022) 12 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 Allied Partners Insurance

Gaithersburg, Maryland, United States

Allied Partners Insurance's mission is to find quality, competitive insurance products tailored to customer needs--providing them with security and peace of mind. Allied Partners Insurance was established in 2014 and is based in Gaithersburg, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Wealth Advisory Group

Berwyn, Pennsylvania, United States

Wealth Advisory Group provides sound investment advice for 401(k)/403(b) plans and high net-worth individuals. Wealth Advisory Group was established in 19936 and is headquartered in Berwyn, Pennsylvania.

Buy -
Mergr

Product

Company

Legal