Iselin, NJ — World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of TW Group, Inc. (“TWG”) of Westmont, IL on December 31, 2023. Terms of the transaction were not disclosed.
TWG was founded in 1946 and provides insurance to individuals and businesses. They specialize in business, personal, life and health insurance.
“Our mission has always been about working hard to establish trusting client relationships,” says Thomas J. Walsh, President, TW Group. “We look forward to joining World and are committed to continuing the tradition that our family founder, Thomas J. Walsh Sr. started—to build relationships with our clients, one customer at a time.”
“On behalf of the World family, I would like to welcome TWG,” says Rich Eknoian, CEO and Co-Founder of World. “They have a team of experienced insurance professionals that are committed to helping their customers find products and services that meet their needs. They will be a great addition to World.”
Giordano, Halleran & Ciesla provided legal counsel and TAG Consulting Services advised World on the transaction. Donatelli & Coules, Ltd. provided legal counsel and The Manhattan Group advised TWG on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
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