Navacord Acquires RWAM Insurance Administrators and Programmed Insurance Brokers

Navacord Partners with Medi-Quote Insurance Brokers

July 4, 2023

Insurance

Navacord Corp. announced a partnership with Medi-Quote Insurance Brokers, effective July 4, 2023, bringing Medi-Quote's travel, medical, health and dental insurance expertise into Navacord's national brokerage network. The deal expands Navacord's presence in Manitoba and strengthens its capabilities in the niche travel insurance market, including services for snowbird customers.

CW Advisors Acquires Mercadien Asset Management

July 18, 2024

Financial Services

CW Advisors (CWA), a Boston-based SEC-registered investment advisor, has acquired Mercadien Asset Management, an RIA based in Hamilton, New Jersey. Terms were not disclosed; the deal expands CWA's Mid-Atlantic footprint and is the third acquisition since CWA partnered with Audax Private Equity in June 2023.

World Insurance Associates Acquires Affiliated Insurance Managers

April 1, 2024

Insurance

World Insurance Associates LLC acquired the business of Affiliated Insurance Managers (AIM) of Warwick, Rhode Island on April 1, 2024. The acquisition expands World’s regional footprint in Southern New England and brings AIM’s commercial and personal lines book and client relationships into World’s national brokerage platform; terms were not disclosed.

Waverly Advisors Acquires NBW Capital, LLC

March 28, 2025

Financial Services

Waverly Advisors, a Birmingham-based RIA backed by Wealth Partners Capital Group and HGGC's Aspire Holdings, has acquired Boston-based NBW Capital, adding approximately $500 million of AUM and expanding Waverly into Massachusetts. The entire NBW team will join Waverly (except Ben Niedermeyer, who is retiring); the transaction closed on March 28, 2025 and is intended to bolster Waverly's equity strategy management capabilities.

Novatae Risk Group Acquires American Management Corporation

September 1, 2023

Financial Services

Novatae Risk Group acquired the assets of American Management Corporation (AMC) of Conway, Arkansas effective September 1, 2023. The deal brings AMC's specialty insurance programs for service stations, convenience stores and fuel marketers into Novatae's wholesale/MGA platform to expand its program offerings and distribution capabilities.

CW Advisors Acquires Cubic Asset Management

June 30, 2024

Financial Services

Boston-based CW Advisors (CWA), a PE-backed registered investment advisor, has acquired Cubic Asset Management, an independent Boston-based account management firm, adding over $700 million of AUM to CWA. The deal is an add-on to CWA's platform (which is partnered with Audax Private Equity) and is intended to expand CWA's investment capabilities and client servicing for high-net-worth and ultra-high-net-worth clients.