Charlesbank completed the investment in World Insurance Associates.

Charlesbank, a private equity investment firm focusing on management-led buyouts and growth capital financing of middle-market companies, completed the investment in World Insurance Associates, an insurance agency. Financial terms were not disclosed. “Our team has worked tirelessly to establish World as one of the country’s fastest-growing insurance brokerages, with a reputation for excellent client service. With the benefit of Charlesbank’s extensive financial and operational resources, we are well-positioned to build on World’s foundation and to continue to grow organically and through targeted M&A. This investment will enable World to create new opportunities for our employees, further enhance services for our customers, and expand relationships with our carrier partners," Rich Eknoian, World Insurance Associates Chief Executive Officer.