World Insurance Associates acquires Total Coverage Insurance
World Insurance Associates LLC of Tinton Falls acquired Total Coverage Insurance of Irving, Texas on October 1.
The company announced the acquisition on December 22. Terms of the transaction were not disclosed.
TCI offers business and personal insurance, in addition to professional liability, life and health insurance, and recreational vehicle insurance.
“We are delighted that TCI has joined World Insurance Associates,” said David Mullis, Director of TCI. “We will be able to offer our clients additional products and services to meet their personal and professional insurance needs.
“We are delighted that TCI is joining the global family,” WIA Managing Director Rich Eknoian said in a prepared statement. “TCI has always helped its clients meet and exceed their goals, while providing them with personal and professional service. They will fit perfectly into the world organization.
The acquisition crowns a busy year for WIA, which acquired several companies across the country in 2021. In September, the company acquired Argus Risk Investors, which has operations in New York and Ohio.
Giordano, Halleran & Ciesla provided legal advice to WIA for its latest acquisition. The law firm Gunter provided legal advice to TCI.
No other advisor, diligence firm or legal advisor has been disclosed.