World Insurance Associates acquires Connecticut agency

Gabrielle Saulsbery//February 16, 2022//

World Insurance Associates acquires Connecticut agency

Gabrielle Saulsbery//February 16, 2022//

Listen to this article

World Insurance Associates LLC acquired Ciardiello Insurance Agency of Hamden, Conn. on Dec. 1.

The Tinton Falls company announced the acquisition on Feb. 16; terms of the transaction were not disclosed.

CIA has served the insurance needs of New Haven, Middlesex, Hartford and Fairfield counties in Connecticut since 2006. It offers personal insurance including vehicle, property, health and life, and other business insurance solutions.

“We are happy to join World Insurance,” said CIA Principal Peter Ciardiello in a prepared statement. “As members of the communities we service, we will continue our commitment to being our clients’ advocate in times of need.”

Principal Richard Ciardiello added, “As part of World, we will also continue to help our clients find the perfect combination of coverage and price to fit their unique needs.”

The acquisition furthers WIA’s position in the Connecticut market. Earlier this month, the company acquired another firm in New England, Massachusetts’ J.K. Olivieri Insurance Agency Inc.

Giordano, Halleran & Ciesla provided legal counsel to WIA, and Fortrust Diligence advised WIA on the transaction. Andros, Floyd & Miller provided legal counsel to CIA.

No other advisors, diligence firms or legal counsel were disclosed.