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New Deal


Announced

Completed

World Insurance Associates completed the acquisition of InterWeb Insurance.

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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Domestic

Private

Completed

United States

commercial insurance

Property and Casualty Insurance

Acquisition

Majority

Friendly

Single Bidder

Synopsis

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World Insurance Associates, an insurance brokerage, completed the acquisition of InterWeb Insurance, a commercial insurance provider. Financial terms were not disclosed. "On behalf of the World family, I would like to extend a warm welcome to InterWeb. They have decades of experience in the insurance industry and are known for providing innovative, specific solutions to their customers. They will be a terrific addition to World," Rich Eknoian, World Insurance Associates CEO and Co-Founder.

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