World Insurance Associates acquires Florida-based Novak Agency Insurors

World Insurance Associates (WIA), a New Jersey-based insurance brokerage, has acquired Florida-based Novak Agency Insurors for an undisclosed price.

Headquartered in Largo, Novak Agency Insurors provides commercial and personal lines of insurance. Operating since 26 years, the company is said to offer personal and commercial insurance with firms like Progressive and National General.

Rich Eknoian – CEO and Co-Founder of World Insurance Associates said: “Novak Agency specializes in commercial insurance, which is a nice complement to our focus on personal lines in Florida with the West Coast Group and Dan Woron Agency acquisitions.”

World Insurance Associates said that Novak Agency Insurors will be managed from its Saint Petersburg office by Gregory D. Leifer.

Gregory D. Leifer, who is a Principal at World Insurance Associates said: “I look forward to expanding our expertise and reach in Florida and providing Novak Agency clients with additional resources, services, and markets.”

Giordano, Halleran & Ciesla was the legal counsel to World Insurance Associates while the advisor was Scali Group.