Tinton Falls, NJ — World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced today that it acquired PLA Insurance Services (“PLA”) of Harrisburg, PA on December 1, 2021. Terms of the transaction were not disclosed.
PLA is a full-service, multi-solution insurance brokerage firm, with over 80 years of combined experience providing insurance solutions for the healthcare industry. Other areas of expertise include construction insurance, manufacturing insurance, agriculture and farm insurance and transportation insurance.
“We help our clients discover where their businesses are at risk and offer solutions to answer those concerns. Our team focuses on using a consultative approach to make the process simple and understandable for every client,” says Rory Rineer, Principal, PLA Insurance Services. “We believe that clients deserve to make these decisions while fully informed, aware of all options, and sure of what is right for them,” adds Jeremy Bonneville, Principal, PLA Insurance Services. “It is our mission to get clients to that point, and we take pride in achieving this.”
“We are excited for PLA Insurance Services to join the World Insurance Healthcare team,” says Aaron Richard, Principal, WIA. “I have known the PLA group for over a decade, and we are looking forward to the addition of such an experienced and well-respected team that focuses on delivering cost effective healthcare insurance solutions to each client. “
“PLA is known for the exceptional service they provide to their clients,” says Rich Eknoian, CEO and Co-Founder of WIA. “We are pleased to welcome them to the World family and look forward to their contributions to our team.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Fortrust Diligence advised them on the transaction. Connell Foley provided legal counsel to PLA, and The Manhattan Group advised them on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates
“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.”