Announced
Completed
Financials
Tags
Completed
Majority
Domestic
Single Bidder
Private Equity
United States
insurance agency
Property and Casualty Insurance
property & casualty insurance
Acquisition
Friendly
Private
Synopsis
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.
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