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New Deal


Announced

World Insurance Associates to acquire McMillan Insurance Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Property and Casualty Insurance

Friendly

commercial trucking insurance

Pending

Majority

Acquisition

Single Bidder

United States

Private

Synopsis

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World Insurance Associates, an insurance agency, agreed to acquire McMillan Insurance Group, a provider of customized commercial trucking insurance solutions for trucking enterprises of all sizes. Financial terms were not disclosed. “McMillan Insurance Group’s expertise in the trucking industry and commitment to excellent customer service will enhance World’s growing transportation division. Expanding into Texas will allow us to better distribute our niche products in a new region,” Rich Eknoian, World Insurance Associates CEO and Co-Founder.

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