World Insurance Associates has announced that it has acquired Florida-based The Comprehensive Companies (TCC).
The financial terms of the deal were not disclosed.
Established in 1977, TCC is involved in marketing Life, Health, Dental and Disability insurance products. Particularly, the company focuses on providing voluntary benefits through payroll deduction at the workplace.
TCC president and CEO Ronald G. Stone said: “At TCC we tailor plans to fit every client and their employees.
“We are excited to join World and look forward to taking advantage of World’s myriad of insurance solutions, so we can expand and enhance our relationship with our clients.”
WIA co-founder and CEO Rich Eknoian said: “We are pleased to welcome TCC to the World family.
“With TCC a part of our organisation, we will continue to build our south Florida operations.”
Giordano, Halleran & Ciesla offers legal counsel to WIA on this deal.
Headquartered in New Jersey, World Insurance Associates offers individuals and businesses with solutions across personal and commercial insurance lines as well as employee benefits, retirement and financial services.
It has completed 140 acquisitions since its founding in 2012.
In April 2021, World Insurance Associates acquired South Carolina-based insurance agencies – Lawrence & Brownlee Agency (LB Insurance) and John Roberts Insurance Agency (JRIA).
It also acquired Corporate Risk Services and Two Rivers Insurance Company (TRIC) and True & Associates last year.