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World Insurance Associates Acquires Ciardiello Insurance Agency

Feb 16, 2022•over 3 years ago

Acquiring Company

World Insurance Associates

Acquired Company

World Insurance Associates

Financial ServicesProfessional ServicesFinancial ServicesProfessional Services

Description

World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced today that it acquired Ciardiello Insurance Agency (“CIA”) of Hamden, CT on December 1, 2021. Terms of the transaction were not disclosed.

Company Information

Company

World Insurance Associates

About

World Insurance Associates LLC (World) is headquartered in Tinton Falls, N.J., 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 solutions. Since its founding in 2012, World has completed 132 acquisitions and serves its customers from more than 160 offices in the U.S. World is ranked #2 on Business Insurance’s Fastest Growing Brokers list, #53 on Business Insurance’s 100 Largest Brokers of U.S. Business list, #31 on Insurance Journal’s Top 100 Independent P&C Agencies list, and #38 on Insurance Journal’s Top 50 Personal Lines Agencies list. For more information, please visit www.worldinsurance.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed