Add-on Acquisition • Insurance

World Insurance Associates Acquires R.S. Gilmore Insurance Agency

On December 23, 2020, World Insurance Associates acquired insurance company R.S. Gilmore Insurance Agency

Acquisition Context
  • This is World Insurance Associates’ 61st transaction in the Insurance sector.
  • This is World Insurance Associates’ 64th transaction in the United States.
  • This is World Insurance Associates’ 1st transaction in Massachusetts.

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M&A Deal Summary

Date December 23, 2020
Target R.S. Gilmore Insurance Agency
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target Company

R.S. Gilmore Insurance Agency

Attleboro, Massachusetts, United States
R.S. Gilmore Insurance Agency, Inc. provides asset and lifestyle protection with insurance, risk management and specializes in the following industries: manufacturers, restaurants, condo associations, contractors, commercial property, and all types of professional liability. R.S. Gilmore Insurance Agency was founded in 1938 and is based in Attleboro, Massachusetts.
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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 64 of 176
Sector: Insurance 61 of 166
Type: Add-on Acquisition 64 of 175
State: Massachusetts 1 of 10
Country: United States 64 of 176
Year: 2020 34 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Strovis Holdings

Georgetown, South Carolina, United States

Strovis Holdings LLC is a multifaceted company offering payroll, HR and benefits solutions for businesses as well as an insurance agency providing both personal and commercial coverages. Strovis Holdings was founded in 1998 and is based in Georgetown, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 J.W. Edens & Co.

Titusville, Florida, United States

J.W. Edens & Co., Inc. is a retail insurance agency with three locations in Southeast Central Florida. J.W. Edens’s top lines of insurance include employee benefits, homeowners, and general liability. J.W. Edens & Co. was founded in 1997 and is based in Titusville, Florida.

Buy -