TINTON FALLS, N.J.–(BUSINESS WIRE)–#acquisitions–World Insurance Associates LLC (WIA), a Top 100 Insurance brokerage, announced today that it acquired Tucker Insurance Service, Inc. (“Tucker”) of Falls Church, VA on November 1, 2020. Terms of the transaction were not disclosed.
Tucker was established in 1961 and today relies on the same principles of high ethics and integrity upon which it was founded. Tucker is a full-service insurance agency committed to providing the best in coverage and service for its customers throughout Northern Virginia, Maryland and the Washington, D.C. suburbs.
“With Tucker joining our team, we have firmly established our presence in the Northern Virginia region,” states Rich Eknoian, CEO and Co-Founder of WIA. “This is a high growth area and with Tucker’s strong relationships and commitment to excellence along with our existing operations in Virginia, we believe we are poised for success.”
“We have a passion for providing the best in coverage and service for our customers at a competitive price,” said James Tucker, President of Tucker. “With World’s backing, resources, and network, we believe we can offer our existing clients an elevated level of service, while also growing our business through new customer acquisition.”
Giordano, Halleran & Ciesla provided legal counsel to WIA. Basnight, Kinser, Leftwich & Nuckolls provided legal counsel to Tucker. 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 85 acquisitions and serves its customers from 78 offices in 17 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
Media Contact:
Jean Wiskowski, Chief Marketing Officer
732-380-0900 Ext. 736
jeanwiskowski@worldinsurance.com
Mergers & Acquisitions Contact:
Bradley Unger, Senior Vice President, Business Development
732-712-2230
bradleyunger@worldinsurance.com
