World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, announced that it has acquired Alamo Insurance Services Inc. of Toms River, New Jersey. Terms of the transaction were not disclosed.
The Alamo Insurance Services acquisition is World Insurance Associates’ 13th business acquisition since its founding in 2012.
Established in 1974, Alamo Insurance Services is an independent agency offering automobile, homeowners, flood, health, life, and commercial insurance services.
World Insurance Associates will maintain Alamo’s Toms River location. Alamo’s three staff members will join World Insurance Associates as part of the transaction.
World Insurance Associates LLC is an independent agency with 60 employees and 10 offices in the Northeast region. The firm serves more than 15,000 customers and places more than $90 million in annual premiums.