Nationwide insurance coverage dealer World Insurance coverage Associates LLC studies it acquired NorthStar Insurance coverage Companies of Needham, Massachusetts on July 1, 2024. Phrases of the transaction weren’t disclosed.
NorthStar was based in 1995 and is one in every of New England’s largest insurance coverage businesses, offering enterprise and private insurance coverage. In 2014, NorthStar acquired The Insurance coverage Heart in Claremont, New Hampshire, and in 2022 it acquired McCrillis & Eldredge, one other New Hampshire property/casualty company in Newport.
Edward B. Pierce, Jr. is founder and president, and Gregory G. Pierce, is senior vice chairman of NorthStar.
Giordano, Halleran & Ciesla supplied authorized counsel and MarshBerry suggested World on the transaction. Satin and Lee Regulation P.C. supplied authorized counsel and Sica Fletcher suggested NorthStar on the transaction.
World Insurance coverage Associates, headquartered in Iselin, New Jersey, has accomplished greater than 200 acquisitions and serves its purchasers from greater than 250 workplaces throughout the nation. World is ranked #15 on the High 100 P&C Businesses by Insurance coverage Journal, ranked #19 on the High 50 Private Strains Businesses and ranked #19 on the High 50 Industrial Strains Businesses by Insurance coverage Journal.
Subjects
Mergers & Acquisitions
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