World Insurance Associates acquires New Jersey-based Szerlip & Co.
World Insurance Associates (WIA), a US insurance brokerage, has acquired Szerlip & Company, based in Millburn, New Jersey, for an undisclosed price.
Szerlip & Co. is an insurance agency, which was established in 1934 by Herbert Szerlip.
Currently, the company has operations across 40 states in the US.
Szerlip & Co. is said to have expertise in personal, commercial, security guard, not for profit, and life/health insurance.
Robert Szerlip – CEO and President said: “Szerlip & Co. has a history of providing our clients with personalized attention and a commitment to always trying to exceed their expectations. We have long standing relationships with and represent only the best insurance company names in the industry.
“We are glad to be joining WIA and continuing to provide the same level of service with the same dedicated staff that our clients have always relied upon.”
For the transaction, World Insurance Associates had engaged Giordano, Halleran & Ciesla as legal counsel, while Alvarez & Marsal was its advisor.
On the other hand, Greenberg Traurig served as legal counsel to Szerlip & Co.
Rich Eknoian – CEO and Co-Founder of World Insurance Associates said: “Szerlip & Co. provides individuals and businesses with superior service and extraordinary insurance knowledge, and we look forward to their continued success as part of WIA.”