World Insurance Associates LLC (WIA) acquired E&K Insurance Group of Eatontown, New Jersey, on December 1, 2021. Terms of the transaction were not disclosed.
E&K was founded in 1930 by two entrepreneurs who established E & K Insurance Group in Long Branch, New Jersey. Today, E&K is a multi-line insurance agency based in New Jersey. It offers personal, commercial and specialty insurance.
World Insurance Associates LLC is headquartered in Tinton Falls, New Jersey, and is a full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance lines, employee benefits, retirement and financial services and human capital management. Since its founding in 2012, it has completed 132 acquisitions and serves its customers from more than 150 offices in the U.S.
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Reagan Consulting advised them on the transaction. Satin and Lee Law provided legal counsel to E&K. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates
Topics Mergers & Acquisitions New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
