World Insurance Associates LLC has acquired the business operations of five Louisiana-based insurance agencies, further expanding its presence in the southern US.
The transaction, which closed on March 1, includes Insurance Unlimited of Louisiana LLC; Erwin Insurance Agency Inc.; Burke & Burke Insurance Marketing Inc.; Courtney Insurance Services Inc.; and US Principal Insurance. Terms of the deal were not disclosed.
The agencies provide a range of insurance products and services, including property and casualty coverage and employee benefits, to both commercial clients and individuals. The firms serve customers across various industries and are located in different parts of the state, adding to World’s regional reach and operational capacity in Louisiana.
“With this transaction, World further increases its presence in the Louisiana market,” said Rich Eknoian, CEO and founder of World Insurance Associates. “In addition, these agencies bring experienced and tenured employees to our team. I look forward to their continued success.”
The acquisition is part of World Insurance Associates’ ongoing strategy to expand through mergers and acquisitions, focusing on independent agencies with established client relationships and local market expertise.
Headquartered in Iselin, New Jersey, World is currently ranked among the Top 50 insurance brokerages in the United States. The company provides insurance, risk management, and employee benefits services to businesses and individuals nationwide.
World has been active in the M&A space, completing numerous acquisitions across the country in recent years. The company has stated that its expansion strategy is aimed at broadening service capabilities and deepening market penetration in key regions.
Legal counsel for World was provided by Giordano, Halleran & Ciesla, while Alvarez & Marsal served as financial advisor. The sellers were represented by Greenberg Traurig, LLP and MidCap Advisors. No additional firms involved in the transaction were disclosed.
World Insurance Associates continues to pursue growth in both existing and new markets, with a focus on integrating local agencies into its broader network while maintaining community-based service models.
