Tinton Falls-based World Insurance Associates said July 8 that it acquired Crossland Insurance Agency of New Iberia, La. on July 1, 2021. Terms of the transaction were not disclosed.
Founded in 2000, Crossland Insurance Agency offers auto, home, business and commercial insurance with a focus on the transportation industry to hundreds of individuals, families and businesses throughout the United States.
“Our number one job is assisting our customers in identifying their needs and problems, while putting together a customized plan that’s simple and easy to understand,” says Andrew Arceri, president, Crossland Insurance Agency. “As part of World Insurance Associates, we will continue to create lasting relationships with each and every client for many years to come.”
“It’s great to have Crossland Insurance Agency join the World family,” says Rich Eknoian, chief executive officer and co-founder of WIA. “Their goal of providing superior customer service at low rates to their customers aligns nicely with WIA’s goals.”
Giordano, Halleran & Ciesla provided legal counsel to WIA. Phelps Dunbar LLP provided legal counsel to Crossland Insurance Agency and Optimum Performance Solutions, LLC advised them on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Since its founding in 2012, World has completed 106 acquisitions and serves its customers from more than 137 offices in the U.S.
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