World Insurance Associates Acquires Paul Global Benefits, Inc. of New York
- October 06, 2020
TINTON FALLS, N.J.--World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Paul Global Benefits, Inc. (“PGB”) of Syosset, New York on September 1, 2020. Terms of the transaction were not disclosed.
PGB is an employee benefits consulting firm specializing in health/welfare and retirement services in the large group market in the US and around the world. PGB’s continuous consultation service model is focused on financial acumen, administrative efficiency, and to provide the highest level of support services to their customers. PGB’s distinctive client base consists of global multi-national companies in various industries such as technology, business services, engineering, mining, hospitality, banking, consumer products and more.
Rich Eknoian, CEO and Co-Founder of WIA, stated, “Adding PGB to the WIA team will expand our employee benefits offerings, allowing us to provide an even more robust suite of services to our clients. We are looking forward to growing alongside PGB.”
“We are looking forward to this next chapter of growth for our company,” said Manoj Paul, President of PGB. “At PGB, we have a track record of leveraging innovative solutions to enhance the corporate employee benefit programs for our clients, and we are excited to apply this approach across WIA’s expansive and diverse client base.”
Giordano, Halleran & Ciesla provided legal counsel to WIA and Sica Fletcher advised WIA on the transaction. Helfer & Associates advised PGB and Schwell Wimpfheimer & Associates provided legal counsel to PGB.