M&A Deal Summary

World Insurance Associates Acquires Providence

On September 7, 2023, World Insurance Associates acquired insurance company Providence

Acquisition Highlights
  • This is World Insurance Associates’ 119th transaction in the Insurance sector.
  • This is World Insurance Associates’ 126th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in South Dakota.

M&A Deal Summary

Date 2023-09-07
Target Providence
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Cutler Law Firm (Legal)

Target

Providence

Sioux Falls, South Dakota, United States
Providence provides the insurance needs of its clients, including personal insurance, business insurance, and employee benefits. Providence was formed in 2017 and is based in Sioux Falls, South Dakota.

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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 126 of 149
Sector (Insurance) 119 of 141
Type (Add-on Acquisition) 126 of 148
State (South Dakota) 1 of 2
Country (United States) 126 of 149
Year (2023) 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Prism

Cedarhurst, New York, United States

Prism is a full brokerage services company that provides an effective approach to risk management to companies from the healthcare industry. Prism was formed in 1994 and is based in Cedarhurst, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-18 Ellsworth

Metairie, Louisiana, United States

Ellsworth is a provider of surety & bonding, insurance & risk management, & more. Ellsworth was founded in 1973 and is based in Metairie, Louisiana.

Buy -