Worldwide Facilities Acquires Risk Management Advisory Group

Worldwide Facilities Acquires Benchmark Management Group

July 2, 2019

Insurance

Worldwide Facilities, a national wholesale insurance broker and MGA, has acquired Benchmark Management Group, a managing general agent and wholesale insurance broker with operations in the Chicago and Milwaukee metro areas. The deal expands Worldwide Facilities' MGA platform by broadening its geographic footprint and specialty product offering; Benchmark principals Tim and Shawn Makowski joined Worldwide Facilities. Marsh, Berry & Company served as financial advisor to Benchmark.

The Mather Group Acquires Resource Advisory Services

June 16, 2020

Wealth Management

The Mather Group (TMG), a family- and employee-owned wealth management firm headquartered in Chicago, has acquired Knoxville-based Resource Advisory Services, a fiduciary-only RIA with $116 million in assets under management. The deal expands TMG’s footprint in the Southeast and increases its AUM, while Resource Advisory Services’ founder David Lewis joins/partners with TMG under its fiduciary, fee-only platform.

Risk Strategies Acquires Worldwide Assurance, Inc.

December 13, 2022

Insurance

Risk Strategies has acquired Worldwide Assurance, a health and benefits-focused retail agency founded in 2012; terms were not disclosed. The acquisition strengthens Risk Strategies' employee benefits specialty practice and adds capabilities and geographic reach to serve clients such as medical practices, higher education and professional services firms.

Worldwide Facilities Acquires Royal Oak Underwriters, Inc.

June 8, 2020

Insurance

Worldwide Facilities, a national wholesale insurance broker and program underwriter, acquired Royal Oak Underwriters, an excess and surplus lines insurance wholesaler based in Richmond, Virginia. The deal expands Worldwide Facilities’ geographic footprint and specialty product offerings across several East Coast states, strengthening its MGA/MGA distribution capabilities.

Amwins Group Acquires Worldwide Facilities from Genstar Capital

April 2, 2021

Insurance

Amwins Group, Inc. has acquired Worldwide Facilities, the fourth-largest wholesale insurance broker in the U.S., from Genstar Capital. The deal expands Amwins' specialty insurance capabilities and West Coast footprint; Genstar rolled nearly all of its equity and remains a minority shareholder in the combined business.

Worldwide Facilities Acquires Clearwater Underwriters, Inc.

August 4, 2020

Financial Services

Worldwide Facilities, a national wholesale insurance broker and managing general agent, has acquired Clearwater Underwriters, Inc., a surplus lines MGA based in Clearwater, Florida. The acquisition expands Worldwide Facilities' specialty programs offering—adding Clearwater's flood, professional liability and other personal and commercial lines expertise to its suite of program underwriting capabilities.