Iselin, NJ — World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of Schlegel & Schlegel Insurance Brokers Inc. (“Schlegel & Schlegel”) of West Yarmouth, MA on July 1, 2023. Terms of the transaction were not disclosed.
For over 40 years Schlegel & Schlegel has been providing home, auto and business insurance to customers in Massachusetts and Cape Cod.
“At Schlegel & Schlegel, we pride ourselves on quality, professionalism and integrity. We provide our customers with the coverage that best meets their personal or business needs,“ says Paul Schlegel, Owner, Schlegel & Schlegel. “We look forward to continuing to do so as part of World.”
“I’d like to welcome Schlegel & Schlegel to the World family,” says Rich Eknoian, CEO and Co-Founder of World. “They are well known, especially in the Cape Cod area, and they understand the unique needs of Cape Cod residents and business owners. I know as part of World they will continue to be successful.”
Giordano, Halleran & Ciesla provided legal counsel and Sica Fletcher advised World on the transaction. The Law Office of Scott B. Rubin, P.C. provided legal counsel to Schlegel & Schlegel on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
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