M&A Deal Summary

World Insurance Associates Acquires Potomac Ashcraft

On December 22, 2021, World Insurance Associates acquired insurance company Potomac Ashcraft

Acquisition Highlights
  • This is World Insurance Associates’ 91st transaction in the Insurance sector.
  • This is World Insurance Associates’ 94th transaction in the United States.
  • This is World Insurance Associates’ 5th transaction in Virginia.

M&A Deal Summary

Date 2021-12-22
Target Potomac Ashcraft
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Potomac Ashcraft

Alexandria, Virginia, United States
Potomac Ashcraft is a full-service insurance agency and registered investment advisor, serving businesses and individuals in Maryland, Washington DC, and Virginia. Potomac Ashcraft was founded in 1985 and is headquartered in Alexandria, 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 94 of 148
Sector (Insurance) 91 of 140
Type (Add-on Acquisition) 94 of 147
State (Virginia) 5 of 7
Country (United States) 94 of 148
Year (2021) 29 of 31
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-22 Zodiac Insurance

Shamong, New Jersey, United States

Zodiac Insurance specializes in underwriting complex and difficult placements of professional lines business. The Company underwrites and sells professional lines, entertainment, and special event insurance for customers based throughout the United States. Zodiac Insurance was founded in 2011 and is headquartered in Shamong, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Livingston Insurance

Livingston, New Jersey, United States

Livingston Insurance provides personal insurance--home, auto, umbrella, flood, and boat insurance –to name a few of the many coverages they offer. Livingston Insurance was founded in 1991 and is based in Livingston, New Jersey.

Buy -