M&A Deal Summary

World Insurance Associates Acquires Stern Insurance Group

On January 30, 2025, World Insurance Associates acquired insurance company Stern Insurance Group

Acquisition Highlights
  • This is World Insurance Associates’ 144th transaction in the Insurance sector.
  • This is World Insurance Associates’ 152nd transaction in the United States.
  • This is World Insurance Associates’ 3rd transaction in Arizona.

M&A Deal Summary

Date 2025-01-30
Target Stern Insurance Group
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) MidCap Advisors (Financial)
Satin & Lee (Legal)

Target

Stern Insurance Group

Scottsdale, Arizona, United States
Stern Insurance Group provides clients with unique insurance solutions and exceptional personal service. SIG specializes in counseling corporations in the areas of employee benefits and risk management services. Stern Insurance Group was founded in 1987 and is based in Scottsdale, Arizona.

Search 206,096 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 152 of 155
Sector: Insurance M&A 144 of 147
Type: Add-on Acquisition M&A Deals 151 of 154
State: Arizona M&A 3 of 3
Country: United States M&A 152 of 155
Year: 2025 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-28 HML Brokerage

Brooklyn, New York, United States

HML Brokerage provides property and casualty insurance to their clients. With a special focus on insurance for the commercial and construction industry, they provide their clients with comprehensive coverage. HML Brokerage was formed in 2013 and is headquartered in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 Grandview Brokerage

Brooklyn, New York, United States

Grandview Brokerage provides commercial and personal insurance with niches in the healthcare, real estate, and jewel industry. Grandview Brokerage was founded in 2009 and is based in Brooklyn, New York.

Buy -