World Insurance Associates LLC (WIA) has acquired Virginia Insurance Partners (VIP). The transaction was effective February 1, 2020, and terms of the deal were not disclosed.
VIP is an independent insurance agency that offers commercial, personal, farm, life and benefits policies throughout the state of Virginia.
Following the acquisition, VIP will continue to operate from three locations within the state of Virginia – Stuarts Draft, Shenandoah and Amelia.
WIA is headquartered in Tinton Falls, N.J., and is a full-service insurance brokerage providing asset and lifestyle protection with risk management, insurance and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 53 acquisitions and serves its customers from 40 offices in 11 states.
Source: World Insurance Associates LLC
Topics Mergers & Acquisitions Virginia
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