TINTON FALLS, N.J.–World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Two Rivers Insurance Company, Inc. (“TRIC”) of Burlington, IA on December 31, 2020. TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS).
Terms of the transaction were not disclosed.
TRIC will continue to be headquartered in Burlington, Iowa, and will continue to offer insurance from its offices in Ft. Madison, Earlham, and West Des Moines. Todd Ackerman will continue as President and CEO. Joining WIA’s national network of regional insurance agencies will allow TRIC to offer more products to its customers from a larger network of providers at competitive pricing.
“We are excited to welcome TRIC to the World family,” said Rich Eknoian, CEO and Co-Founder of WIA. “With this acquisition, WIA will now have four offices throughout Iowa, and an expanded and strengthened suite of product offerings, especially in the employee benefits and TPA space.”
“TRIC is committed to providing responsive and innovative solutions to our clients’ insurance and risk management needs. To this end, our entire staff is dedicated to integrity, professionalism and unparalleled service every day,” said Todd Ackerman, President and CEO. “We look forward to partnering with WIA.”
Giordano, Halleran & Ciesla provided legal counsel to WIA and TAG Consulting Services advised WIA on the transaction. Dickinson, Mackaman, Tyler & Hagan provided legal counsel to TRIC and MarshBerry advised TRIC on the transaction.