ISELIN, N.J. — World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Business Contractors Insurance Services (“BCIS”) of Santee, CA on September 1, 2024. Terms of the transaction were not disclosed.
BCIS was founded over 15 years ago. They provide a full range of insurance services to individuals and businesses.
“We founded BCIS Insurance Services with the principal purpose of creating an agency to meet the needs of our clients in both the commercial and personal lines sector, with a heavy emphasis on customer service and the goal of building “clients for life.” In addition, we set out to build an agency where insurance producers and customer service minded individuals would feel a sense of a Team and Family to build and grow together” –as stated by Josh Schwartz and Chad Galvas.
“I’d like to welcome BCIS to the World family,” says Rich Eknoian, CEO and Co-Founder of World. “This acquisition expands World’s presence in California. BCIS is an experienced team, focused on providing excellent service to their clients—an approach that aligns with World’s.”
Giordano, Halleran & Ciesla provided legal counsel and Fortrust Diligence advised World on the transaction. Fennemore provided legal counsel to BCIS on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.
SOURCE WORLD INSURANCE ASSOCIATES LLC
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