M&A Deal Summary

World Insurance Associates Acquires Palmetto Insurance

On November 10, 2020, World Insurance Associates acquired insurance company Palmetto Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 52nd transaction in the Insurance sector.
  • This is World Insurance Associates’ 54th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2020-11-10
Target Palmetto Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition

Target

Palmetto Insurance

Anderson, South Carolina, United States
Palmetto Insurance is a property & casualty focused agency, specializing in auto, home, homebuilders, umbrella, and life insurance. Palmetto Insurance is based in Anderson, South Carolina.

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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 54 of 149
Sector (Insurance) 52 of 141
Type (Add-on Acquisition) 54 of 148
State (South Carolina) 2 of 5
Country (United States) 54 of 149
Year (2020) 24 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Tucker Insurance Service

Falls Church, Virginia, United States

Tucker Insurance Service, Inc. is a full-service insurance agency committed to providing the best in coverage and service for its customers throughout Northern Virginia, Maryland and the Washington, D.C. suburbs. Tucker Insurance Service was founded in 1961 and is based in Falls Church, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Collier O’Neill & Associates

Trenton, New Jersey, United States

Collier O’Neill & Associates is a full-service insurance agency, provides clients with our extensive knowledge of the industry, our diligence in understanding their insurance needs, and tailoring an insurance program that addresses their needs combined with impeccable customer service. Collier O’Neill & Associates is based in Trenton, New Jersey.

Buy -
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