US-based private and industrial strains insurer World Insurance coverage Associates (World) has acquired Michigan-based peer Morris Insurance coverage Group of Clinton Township and Rochester.
The deal consideration was not revealed.
Morris affords private, industrial, well being and life insurance coverage companies.
World Insurance coverage Associates CEO and co-founder Wealthy Eknoian stated: “I’d wish to welcome Morris Insurance coverage to the World household. They’re a educated group of insurance coverage professionals, and I do know they are going to be profitable as a part of World.”
TAG Consulting provided recommendation to World on the deal whereas Giordano, Halleran & Ciesla provided authorized recommendation.
MacElree Harvey provided authorized recommendation and Sica Fletcher suggested Morris Insurance coverage on the deal.
Morris proprietor Bruce Morris stated: “At Morris Insurance coverage Group, we dedicate ourselves to answering our purchasers’ questions and offering options for his or her particular wants.
“Our popularity is constructed on integrity, experience, and distinctive customer support and we’re thrilled to be becoming a member of World, an organization that exemplifies these identical ideas.”
World affords worker and government advantages, in addition to retirement, private and industrial insurance coverage.
It has concluded greater than 190 acquisitions since its inception in 2011 and caters to its purchasers from over 250 US places of work.
