Iselin, NJ — World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. (“Schlegel & Schlegel”) of West Yarmouth, MA on July 1, 2023. Terms of the transaction were not disclosed.
For over 40 years Schlegel & Schlegel has been providing home, auto and business insurance to customers in Massachusetts and Cape Cod.
“At Schlegel & Schlegel, we pride ourselves on quality, professionalism and integrity. We provide our customers with the coverage that best meets their personal or business needs,“ says Paul Schlegel, Owner, Schlegel & Schlegel. “We look forward to continuing to do so as part of World.”
“I’d like to welcome Schlegel & Schlegel to the World family,” says Rich Eknoian, CEO and Co-Founder of World. “They are well known, especially in the Cape Cod area, and they understand the unique needs of Cape Cod residents and business owners. I know as part of World they will continue to be successful.”
Giordano, Halleran & Ciesla provided legal counsel and Sica Fletcher advised World on the transaction. The Law Office of Scott B. Rubin, P.C. provided legal counsel to Schlegel & Schlegel on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
AgencyEquity statement on this article:
Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.