World Insurance Associates acquires Fairways Insurance, Inc.
TINTON FALLS, N.J.–(BUSINESS WIRE)–#acquisitions–World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Fairways Insurance, Inc. (“Fairways”) of Cinnaminson, NJ on November 1, 2020. Terms of the transaction were not disclosed.
Fairways is a full-service insurance agency serving clients throughout New Jersey, Pennsylvania, and Delaware. Fairways prides itself on its ability to establish long-term relationships with its clients by providing superior service and comprehensive insurance programs.
“We are thrilled to welcome Fairways to the WIA team,” states Rich Eknoian, CEO and Co-Founder of WIA. “Fairways has strong relationships with its base of tenured clients. We are excited to expand our presence throughout the Mid-Atlantic through our new partnership with Fairways.”
“Joining the WIA team will allow us to continue to put our client first. Now, more than ever, we will be able to provide our clients with more product offerings and expanded service capabilities by leveraging WIA’s resources and network,” said John Hanuscin, President of Fairways.
Giordano, Halleran & Ciesla provided legal counsel to WIA. Capehart Scatchard provided legal counsel to Fairways. No other advisors, diligence firms or legal counsel were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC is headquartered in Tinton Falls, NJ, and is a nationally ranked, full-service insurance brokerage providing world-class asset and lifestyle protection with risk management, insurance, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 81 acquisitions and serves its customers from 72 offices in 15 states and Washington, DC. WIA has been named one of The Most Successful Companies in America by Inc. 5000, is a Top 100 P/C Agency by Insurance Journal and Business Insurance, and a five-time honoree by NJBIZ Fast 50. For more information, please visit www.worldinsurance.com.
Contacts
Rich Eknoian, CEO
732-523-2106
richeknoian@worldinsurance.com
