Add-on Acquisition • Insurance

World Insurance Associates Acquires Southern Cross Insurance

On December 31, 2021, World Insurance Associates acquired insurance company Southern Cross Insurance

Acquisition Context
  • This is World Insurance Associates’ 93rd transaction in the Insurance sector.
  • This is World Insurance Associates’ 96th transaction in the United States.
  • This is World Insurance Associates’ 10th transaction in Florida.

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M&A Deal Summary

Date December 31, 2021
Target Southern Cross Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) The Center for Financial, Legal & Tax Planning (Legal)

Target Company

Southern Cross Insurance

Orlando, Florida, United States
Southern Cross Insurance is an insurance agency expanding personalized insurance solutions for birth centers and midwives in all settings across the United States. Southern Cross Insurance was founded in 2013 and is based in Orlando, Florida.
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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 96 of 176
Sector: Insurance 93 of 166
Type: Add-on Acquisition 96 of 175
State: Florida 10 of 12
Country: United States 96 of 176
Year: 2021 31 of 31
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Safety Consulting

Topeka, Kansas, United States

Safety Consulting is a provider of loss control and risk management services that include safety training, site inspections, and safety supply equipment across its diverse customer base, ranging from construction, manufacturing, transportation, municipalities, national trade associations, and oil industries. Safety Consulting was founded in 1971 and is headquartered in Topeka, Kansas.

Buy -