M&A Deal Summary

World Insurance Associates Acquires Sagacity Benefits

On July 1, 2022, World Insurance Associates acquired business services company Sagacity Benefits

Acquisition Highlights
  • This is World Insurance Associates’ 5th transaction in the Business Services sector.
  • This is World Insurance Associates’ 119th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in Iowa.

M&A Deal Summary
Date 2022-07-01
Target Sagacity Benefits
Sector Business Services
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Aspelmeier, Fisch, Power, Engberg & Helling (Legal)

Target

Sagacity Benefits

Burlington, Iowa, United States
Sagacity Benefits is a consultant firm for employer-based benefits and specializes in health benefits platforms for companies of all sizes. Specialty markets include fully insured, partial self-funded and self-funded platforms. Sagacity Benefits was founded in 2015 and is based in Burlington, Iowa.

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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 119 of 148
Sector (Business Services) 5 of 6
Type (Add-on Acquisition) 119 of 147
State (Iowa) 2 of 2
Country (United States) 119 of 148
Year (2022) 23 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Coverage Specialists

Pompton Plains, New Jersey, United States

Coverage Specialists provide property & casualty (“P&C”) products and services with a focus on the trucking and transportation industry. Coverage Specialists was founded in 2010 and is based in Pompton Plains, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-01 Tarpey

Wakefield, Massachusetts, United States

Tarpey is an insurance agency, that provides a variety of products and services for individuals and businesses. was founded in 1979 and is based in Wakefield, Massachusetts.

Buy -
Mergr

Product

Company

Legal