TINTON FALLS, N.J.–World Insurance Associates LLC (WIA), a Top 100 Insurance brokerage, announced today that it acquired J.W. Edens & Company, Inc. (“JWE”) of Titusville, FL on December 31, 2020. Terms of the transaction were not disclosed.
Founded in 1997, J.W. Edens & Company is a retail insurance agency with three locations in Southeast Central Florida. The company’s top lines of insurance include employee benefits, homeowners, and general liability.
“We are pleased to welcome JWE to the World family,” said Rich Eknoian, CEO and Co-Founder of WIA. “The company has a long history of proven experience meeting the insurance needs of Southeast Central Florida, and we are confident they will continue to grow under WIA.”
“JWE grew from its original office in Titusville via organic growth and acquisition, adding additional offices in Indialantic and New Smyrna Beach,” states J. Wayne Edens, President of JWE. “Today we have a diverse client base with accounts of all sizes.”
Giordano, Halleran & Ciesla provided legal counsel to WIA and Mystic Capital Advisors Group advised WIA on the transaction. Schnader Harrison Segal & Lewis provided legal counsel to JWE and Sica Fletcher advised JWE on the transaction No other advisors, diligence firms or legal counsel were disclosed.