Tinton Falls-based World Insurance Associates LLC announced Thursday it acquired Frisco, Texas-based TAB Insurance Agency LLC on March 1. Terms of the transaction were not disclosed.
“We are thrilled to welcome Terry Bollom and his team to our organization and look forward to continued growth and expansion in Texas,” Rich Eknoian, chief executive officer and co-founder of World Insurance Associates, said in a statement.
TAB Insurance Agency is a full service, independent insurance agency that offers personal and commercial insurance in Texas. The team at TAB Insurance focuses on building personal, long-term relationships with their clients and providing customer service. TAB Insurance is WIA’s second location in Texas, joining McMillan Insurance Group of Fort Worth.
“We strive to set ourselves apart from other insurance agencies,” Terry Bollom, owner and agent of TAB Insurance Agency, said in a statement. “Joining World Insurance allows us to accomplish this at a greater scale with additional products and resources to best meet the needs of our clients.”
WIA has been growing its business as of late and acquired Lewis-Chester Associates Inc. of Summit on Feb. 1. It currently operates 40 offices in 11 states and has grown through a combination of organic growth and agency acquisitions, according to a company press release, with 55 acquisitions completed to date.