World Insurance coverage Associates has introduced the acquisition of Skylands Insurance coverage Group of Flanders, New Jersey, US.
The phrases of the transaction haven’t been disclosed to the general public.
Skylands, established in 2017, specialises in offering casualty, property, life and medical health insurance for each companies and particular person shoppers.
Authorized counsel for this transaction was offered by Giordano, Halleran & Ciesla for World, and by Wilentz, Goldman & Spitzer, P.A. for Skylands.
Advisory companies have been supplied by MidCap Advisors to World and the Manhattan Group to Skylands. No extra advisory or authorized corporations have been disclosed.
Skylands Insurance coverage Group CIC and president Rhonda Linnett Graber mentioned: “Skylands’ core beliefs information our enterprise and each shopper engagement. We imagine that what we do makes a constructive distinction within the lives of our shoppers and that our relationship extends past offering protection to incorporate ongoing service.
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“As well as, we imagine in doing good for our shoppers and group – contributing our energies and monetary help to causes we’re captivated with. We’re blissful to be part of World, an organization that shares our method to insurance coverage. We are going to now be capable of supply our shoppers extra services.”
World co-founder and CEO Wealthy Eknoian mentioned: “On behalf of the World household, I wish to prolong a heat welcome to Skylands. Rhonda and her group will likely be an ideal match with the World group.”
In April 2024, World acquired JBL Trinity Group. It purchased each TW Group and Foy Insurance coverage Group in January.
Since its inception in 2011, World has accomplished greater than 200 acquisitions and now operates from greater than 250 places of work all through the US.
