ISELIN, N.J. – World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Archambault Insurance Associates (“Archambault”) of Putnam, CT on December 1, 2024. Terms of the transaction were not disclosed.
Archambault was founded in 1928 by Joseph A. Archambault. Today they are a third-generation, family-owned, full-service agency serving individuals, families and businesses in Connecticut, Rhode Island, and Massachusetts. Archambault provides personal, commercial, life and health, and surety insurance to their clients.
“Archambault was founded on a philosophy of offering personal, professional service to our clients,” says Marc L. Archambault, President, Archambault Insurance Associates. “We are glad to join World, an organization that shares our approach to serving our customers and community,” says Thomas M. Archambault, Vice President, Archambault Insurance Associates.
“I would like to welcome Archambault to the World family,” says Rich Eknoian, CEO and Co-Founder of World. “This acquisition adds to World’s presence in Connecticut. I look forward to watching their business grow as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and MidCap Consulting advised World on the transaction. Satin & Lee Law P.C. provided legal counsel and Sica Fletcher advised Archambault on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.
Source: World Insurance Associates LLC
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