ISELIN, N.J. — World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced today that it acquired the business of NorthStar Insurance Services (“NorthStar”) of Needham, MA on July 1, 2024. Terms of the transaction were not disclosed.
NorthStar was founded in 1995 and is one of New England’s largest insurance agencies, providing business and personal insurance. In 2014, they acquired The Insurance Center (TIC) agency located in Claremont, NH, and in 2022 they acquired McCrillis & Eldredge, a 125-year-old P&C agency in New Hampshire.
“We take a local, hands-on approach in servicing our clients while leveraging the resources and expertise of our size to deliver the tailored solutions they need to protect their assets, reputation, people, and customers,” says Edward B. Pierce, Jr., Founder and President, NorthStar Insurance Services. “NorthStar was founded to create an insurance operation dedicated to superior service and excellence,” adds Gregory G. Pierce, Senior Vice President, NorthStar Insurance Services. “As part of World, I know we will be able to continue to provide this level of service to our clients because we share the same goals and values with World.”
“I would like to extend a warm welcome to NorthStar,” says Rich Eknoian, CEO and Co-Founder of World. “Their industry expertise and superior customer service make them a great fit, and I know they will continue to be successful as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and MarshBerry advised World on the transaction. Satin and Lee Law P.C. provided legal counsel and Sica Fletcher advised NorthStar on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.
SOURCE WORLD INSURANCE ASSOCIATES LLC
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