The company announced the acquisition on Dec. 22. Terms of the transaction were not disclosed.
TCI provides commercial and personal insurance, in addition to professional liability, life and health insurance, and recreational vehicle insurance.
“We are glad that TCI has joined World Insurance Associates,” said David Mullis, principal, TCI. “We’ll be able to offer our customers additional products and services to meet their personal and business insurance needs.”
“We are pleased to have TCI join the World family,” said WIA Chief Executive Officer Rich Eknoian in a prepared statement. “TCI has a history of helping their clients achieve, and surpass, their goals—while providing personal, professional service. They will be a great fit with the World organization.”
This acquisition caps off a busy year of activity for WIA, which has acquired several companies throughout the country in 2021. In September, the company acquired Argus Risk Investors, which has presence in New York City and Ohio.
Giordano, Halleran & Ciesla provided legal counsel to WIA on its most recent acquisition. Gunter Law Firm provided legal counsel to TCI.
No other advisors, diligence firms or legal counsel were disclosed.[/vc_column_text][/vc_column][/vc_row]
