Iselin, New Jersey, Oct. 27, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), a top 50 insurance broker, today announced the acquisition of Circle Insurance Agency Inc. (“Circle Insurance”) of Danvers, MA on October 1, 2022. Terms of the transaction were not disclosed.
Founded in 1989 by James M. Holbrook, Circle Insurance has grown into a full-service insurance agency providing coverage for personal and business lines as well as financial services.
“We are committed to achieving a high standard of excellence in everything we do to build a relationship of mutual trust and service with each of our clients,” said Christine Frary, President, Circle Insurance Agency Inc. great to join World, a company that shares this commitment.
“By joining World, we can offer our customers even more products and services, while maintaining the high level of service they expect from Circle Insurance,” said Mike Holbrook, president of Circle Business Insurance Inc.
“On behalf of everyone at WIA, I welcome Circle Insurance to the World family,” said Rich Eknoian, CEO and Co-Founder of WIA. “Through this acquisition, World expands its presence in eastern Massachusetts, southern New Hampshire and Maine.”
Giordano, Halleran & Ciesla provided legal advice to WIA, and The Connor Group advised them on the transaction. McInnis Law Offices provided legal advice to Circle Insurance. No other advisers, due diligence firms or legal advisers were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Iselin, NJ, and is a nationally ranked, full-service insurance organization that provides individuals and businesses with the best products and services in the areas of personal and commercial insurance, employee and executive benefits, retirement and financial services and human capital management solutions. Since its inception in 2011, World has completed 161 acquisitions and serves clients from more than 250 offices across the United States. The World is ranked #34 on the list of America’s Top 100 Business Brokers by Business Insurance, ranked #2 on the list of Fastest Growing Brokers by Business Insurance, ranked #3 on the list of fastest growing benefits brokers by Business Insurance, ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and is one of the Top 50 Personal Lines Insurance Agencies by Insurance Journal. For more information, visit www.worldinsurance.com.
CONTACT: Jean Wiskowski, Chief Marketing Officer World Insurance Associates LLC 732-380-0900 Ext. 736 [email protected] Bradley Unger, Senior Vice President, Business Development World Insurance Associates LLC 732-712-2230 Ext. 186 [email protected]