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Charlesbank Completes Growth Investment in World Insurance Associates

Apr 01, 2020•over 5 years ago
Tinton Falls

Description

World Insurance Associates LLC (“WIA”, “World”, or the “Company”), a leading full-service insurance brokerage, today announced that it has closed the previously announced majority investment from funds affiliated with Charlesbank Capital Partners (“Charlesbank”), a middle-market private equity firm based in Boston and New York. As part of the transaction, the WIA management team and employee shareholders remain major shareholders alongside Charlesbank. The financial terms of the growth investment were not disclosed.

Company Information

Company

World Insurance Associates

Location

Tinton Falls, New Jersey, United States

About

World Insurance Associates LLC is headquartered in Tinton Falls, NJ, and is a nationally ranked, full-service insurance brokerage providing world-class asset and lifestyle protection with insurance, risk management, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has been named one of The Most Successful Companies in America by Inc. 5000, a Top 100 P/C Agency by Insurance Journal and Business Insurance, a five-time honoree by NJBIZ Fast 50, and a two-time Business Insurance Best Place to Work. For more information, please visit www.worldins.net.

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