World Insurance Associates Acquires Young Insurance Agency Group

July 19, 2023

World Insurance Associates LLC (World), a nationally ranked insurance brokerage headquartered in Iselin, New Jersey, acquired the business of Young Insurance Agency Group, Inc. of Portsmouth, Virginia effective July 1, 2023. Terms were not disclosed; World said the acquisition will allow Young Insurance to offer customers expanded products and services as part of World’s national platform.

Buyers
World Insurance Associates LLC
Targets
Young Insurance Agency Group, Inc.
Industry
Insurance
Location
Virginia, United States
Transaction Type
Buyout

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