World Insurance Associates LLC said July 1 that it acquired Pinnacle Insurance Group of Indiana, an insurance and risk management advisor to commercial and personal insurance clients throughout the country in May.
“Pinnacle Insurance Group has established a reputation for high ethical standards, which we greatly value and welcome at our organization,” states Rich Eknoian, chief executive officer and co-founder of World Insurance Associates LLC. “We warmly welcome the Pinnacle Insurance Group team and look forward to working closely together.”
Terms of the transaction were not disclosed.
World Insurance Associates LLC is headquartered in Tinton Falls and is a nationally ranked, full-service insurance brokerage.
Since its founding in 2012, WIA has completed 64 acquisitions, allowing it to serve customers from 49 offices across 12 states and Washington, D.C.