Charlesbank Capital Partners Invests in World Insurance Associates
April 1, 2020
Funds affiliated with Charlesbank Capital Partners have made a majority growth investment in World Insurance Associates (WIA), a full-service insurance brokerage headquartered in Tinton Falls, New Jersey. WIA's management team and employee shareholders remain major shareholders; the capital will be used to accelerate WIA's organic growth and M&A expansion program. Financial terms were not disclosed and the transaction was expected to close in Q1 2020.
- Buyers
- Charlesbank Capital Partners
- Targets
- World Insurance Associates LLC
- Sellers
- WIA management team and employee shareholders
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Growth capital
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