World Insurance Associates LLC ("WIA"), a Top 100 Insurance Brokerage, announced today that it acquired C. Walter Searle Insurance Agency LLC ("C. Walter Searle") of Nutley, NJ on February 1, 2021. Terms of the transaction were not disclosed.
Since its founding in 1926, C. Walter Searle has been serving the insurance needs of individuals, families and businesses in New Jersey. They provide insurance for every line of business from personal (auto, home), commercial (business, liability, workers comp, commercial auto), and life & health.
"We are pleased to welcome such a dedicated and client focused company to the World family," says Rich Eknoian, CEO and Co-Founder of WIA. "C. Walter Searle has the experience, and a broad network of providers, to match their clients with policies that are tailored to meet their specific insurance needs."
"C. Walter Searle is a hometown insurance agency that provides the old-fashioned touch," states Robert Searle, President. "We give our clients personal attention while providing them with comprehensive coverage at very competitive rates. We look forward to joining the World team and continuing to provide our clients with the best coverage."
Giordano, Halleran & Ciesla provided legal counsel to WIA. Gaccione & Pomaco provided legal counsel to C. Walter Searle. No other advisors, diligence firms or legal counsel were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC is headquartered in Tinton Falls, NJ, and is a nationally ranked, full-service insurance brokerage providing world-class asset and lifestyle protection with risk management, insurance, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 98 acquisitions and serves its customers from 99 offices in 23 states and Washington, DC. WIA has been named one of The Most Successful Companies in America by Inc. 5000, is a Top 100 P/C Agency by Insurance Journal and Business Insurance, and a five-time honoree by NJBIZ Fast 50. For more information, please visit www.worldinsurance.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005978/en/
Jean Wiskowski, Chief Marketing Officer
732-380-0900 Ext. 736
Mergers & Acquisitions Contact:
Bradley Unger, Senior Vice President, Business Development