World Insurance Associates Acquires E&K Insurance Group
Sica | Fletcher advises E&K Agency, Inc. d.b.a. E&K Insurance Group (“E&K”) in its sale to World Insurance Associates LLC (“World”).
Overview of Transaction
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E&K, a retail insurance agency in the New Jersey tri-state area with roots dating back to 1930, serves a wide range of commercial and personal clients
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The Company’s industry specialties include manufacturing, construction, real estate, and golf courses.
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E&K agreed to partner with World Insurance Associates, a top 100 Independent Property/Casualty Agency.
Significance of Transaction
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The acquisition of E&K provides World with an opportunity to expand its construction-related product lines/offerings.
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The acquisition will allow the E&K team to target larger accounts with more complex risks. World will also offer a host of corporate resources that will allow the E&K team to hit the ground running.
Sica | Fletcher's Role
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Sica | Fletcher was hired to serve as exclusive strategic and financial advisor to E&K and explored multiple options for the firm before its decision to partner with World.
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This transaction underscores Sica | Fletcher's unparalleled relationships with top-tier investors in the insurance sector.