World Insurance Associates has announced the acquisition of Skylands Insurance Group of Flanders, New Jersey, US.
The terms of the transaction have not been disclosed to the public.
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Skylands, established in 2017, specialises in providing casualty, property, life and health insurance for both businesses and individual clients.
Legal counsel for this transaction was provided by Giordano, Halleran & Ciesla for World, and by Wilentz, Goldman & Spitzer, P.A. for Skylands.
Advisory services were offered by MidCap Advisors to World and the Manhattan Group to Skylands. No additional advisory or legal companies were disclosed.
Skylands Insurance Group CIC and president Rhonda Linnett Graber said: “Skylands’ core beliefs guide our business and every client engagement. We believe that what we do makes a positive difference in the lives of our clients and that our relationship extends beyond providing coverage to include ongoing service.
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By GlobalData“In addition, we believe in doing good for our clients and community – contributing our energies and financial support to causes we are passionate about. We are happy to be a part of World, a company that shares our approach to insurance. We will now be able to offer our clients additional products and services.”
World co-founder and CEO Rich Eknoian said: “On behalf of the World family, I would like to extend a warm welcome to Skylands. Rhonda and her team will be a great fit with the World team.”
In April 2024, World acquired JBL Trinity Group. It bought both TW Group and Foy Insurance Group in January.
Since its inception in 2011, World has completed more than 200 acquisitions and now operates from more than 250 offices throughout the US.
