American full-service insurance brokerage World Insurance Associates (WIA) has snapped up Flanagan Associates for an undisclosed sum.
The deal, which took place earlier this month, further bolsters WIA’s evolving footprint in the US.
The acquired company brings over three decades of experience in the personal, commercial, and life insurance space.
WIA CEO and co-founder Rich Eknoian said: “We are pleased to welcome Flanagan Associates to the World team.
“Like World, Flanagan Associates always puts their clients’ needs first and works hard to find the best coverage available for each specific situation. We love joining forces with other insurance agencies who share the same values as we at World do.”
Flanagan Associates president Charles Flanagan said: “At Flanagan, we pride ourselves on finding an insurance plan that fits our clients’ needs by leveraging our variety of services. Partnering with World will allow us to offer a broader suite of services that we can use to help build even better and more personalised insurance plans.”
Giordano, Halleran & Ciesla offered legal counsel to WIA on the transaction while Brenner, Saltzman & Wallman provided legal counsel to Flanagan Associates.
New Jersey-based WIA offers asset and lifestyle protection with risk management, insurance, and benefit consulting services for individuals and businesses.
Last week, the company announced the acquisition of Ball Insurance Services of Northwest Indiana for an undisclosed sum.
WIA, which has been on an acquisition spree, has also taken over full-service insurance agency Fairways Insurance earlier this month.
Since its establishment in 2012, the company is said to have completed 85 acquisitions, expanding its footprint to 15 states and Washington, DC.