World Insurance Associates has announced the acquisition of five insurance agencies located in Louisiana and Texas, effective Aug. 1.
The acquired agencies include The Firm of Louisiana P&C, LLC and McFatter Insurance Agency, Inc. in Lake Charles, Insure Plus LLC in Baton Rouge, The Firm of Cenla in Alexandria, and Creekside Risk Management LLC in Houston, Texas. The financial terms of the transaction were not disclosed.
These agencies focus primarily on property and casualty insurance, serving both individual and commercial clients.
Andy Dressler, co-owner of The Firm of Louisiana P&C, emphasized their commitment to client service, stating that they aim to treat clients "like family."
Mitch Cholley, also a co-owner, said that their team works to simplify insurance decisions, ensuring clients have appropriate coverage. Both Dressler and Cholley remarked on the alignment of their approach with World Insurance Associates' client-centric philosophy.
World Insurance Associates’ CEO and co-founder Rich Eknoian (pictured above) extended a welcome to the newly acquired agencies.
"On behalf of the World family, I would like to warmly welcome all the agencies," Eknoian said. "This transaction enables World to increase its presence in the Louisiana and Houston, TX markets."
Legal counsel for World was provided by Giordano, Halleran & Ciesla, with transaction advisory from Alvarez & Marsal. Greenberg Traurig, LLP acted as legal counsel for the acquired entities, and MidCap Advisors, LLC advised them on the transaction.
In August, the brokerage also announced that it has acquired John J Flynn Insurance Agency as part of a strategic move to strengthen its presence in the New Hampshire market.
The acquisition of this Dover-based agency brings another established full-service insurance agency under the World umbrella. The financial terms of the deal were not disclosed.
Founded in 1999, John J Flynn Insurance Agency provides personal and commercial insurance solutions.
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