Add-on Acquisition • Insurance

World Insurance Associates Acquires Peoples Insurance Group

On August 27, 2020, World Insurance Associates acquired insurance company Peoples Insurance Group

Acquisition Context
  • This is World Insurance Associates’ 43rd transaction in the Insurance sector.
  • This is World Insurance Associates’ 45th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in Kansas.

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M&A Deal Summary

Date August 27, 2020
Target Peoples Insurance Group
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target Company

Peoples Insurance Group

Topeka, Kansas, United States
Peoples/Commercial Insurance Services LLC is a provider of an insurance solutions for its customers. Peoples Insurance Group offers several lines of insurance, including personal, business, commercial, life, disability, and bonds. Peoples/Commercial Insurance Services was founded in 1917 and is based in Topeka, Kansas.
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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 45 of 176
Sector: Insurance 43 of 166
Type: Add-on Acquisition 45 of 175
State: Kansas 1 of 4
Country: United States 45 of 176
Year: 2020 15 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-04 JF Murray Co.

Point Pleasant, New Jersey, United States

JF Murray Co., Inc. is a provider of insurance solutions for their personal and business needs. The company also specializes in contractors, commercial property owners, and real estate agencies. JF Murray is based in Point Pleasant, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Maximum Benefit Insurance Agency

Saddle Brook, New Jersey, United States

Maximum Benefit Insurance Agency, Inc. is a property and casualty full-service agency committed to providing its clients with the most affordable rates for the best policy coverages. The company specializes in providing personal auto, homeowners, and personal package, among others. Maximum Benefit Insurance Agency was established in 1994 and is based in Saddle Brook, New Jersey.

Buy -