M&A Deal Summary

World Insurance Associates Acquires InterWeb Insurance

On April 11, 2024, World Insurance Associates acquired insurance company InterWeb Insurance

Acquisition Highlights
  • This is World Insurance Associates’ 129th transaction in the Insurance sector.
  • This is World Insurance Associates’ 137th transaction in the United States.
  • This is World Insurance Associates’ 2nd transaction in Arizona.

M&A Deal Summary

Date 2024-04-11
Target InterWeb Insurance
Sector Insurance
Buyer(s) World Insurance Associates
Deal Type Add-on Acquisition
Advisor(s) Sica Fletcher LLC (Financial)
Satin & Lee (Legal)

Target

InterWeb Insurance

Lake Havasu, Arizona, United States
website
InterWeb Insurance provides commercial insurance, focusing on E&O coverage for customers in the financial services sector. InterWeb was founded in 2008 and is based in Lake Havasu, Arizona.

Search 193,724 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

website


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 137 of 137
Sector (Insurance) 129 of 129
Type (Add-on Acquisition) 137 of 137
State (Arizona) 2 of 2
Country (United States) 137 of 137
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-05 JBL Trinity Group

Atlantic Highlands, New Jersey, United States

JBL Trinity Group provides various insurance products including auto, home, and business insurance. They specialize in maritime and New York City construction insurance and offer a national roller-skating program. JBL was founded in 1997 and is based in Atlantic Highlands, New Jersey.

Buy -