World Insurance coverage Buys Industrial Insurance coverage Company of Massachusetts

New Now you can hearken to Insurance coverage Journal articles! World Insurance coverage Associates introduced…

New Now you can hearken to Insurance coverage Journal articles!

World Insurance coverage Associates introduced has acquired Industrial Insurance coverage Company of Belmont, Massachusetts.

Phrases of the Could 1, 2022 transaction weren’t disclosed.

George W. Ruggiero, Jr. established CIA in 1975 and at the moment he leads the corporate together with Betsy Pridham. The company’s portfolio of shoppers displays a deal with the meals and hospitality enterprise with emphasis on meals processing, distributing, manufacturing and eating places.

World Insurance coverage Associates is headquartered in Iselin, New Jersey. Since its founding in 2012, World has accomplished 150 acquisitions and serves its clients from greater than 160 places of work within the U.S. It provides private and industrial insurance coverage strains, worker advantages, retirement and monetary providers and human capital administration providers.

Giordano, Halleran & Ciesla offered authorized counsel to WIA, and Fortrust Diligence suggested WIA on the transaction. Morrison Mahoney offered authorized counsel to CIA, and PKF O’Connor Davies suggested CIA on the transaction.

Subjects
Mergers & Acquisitions
Industrial Traces
Enterprise Insurance coverage
Massachusetts

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