World Insurance Associates LLC (WIA) acquired Airways International Insurance Services LLC (AIIS) of Mickelton, N.J., on May 1, 2020. Terms of the transaction were not disclosed.
Alex Morris founded Airways International Insurance Services in 2006 after more than 30 years of experience in the aerospace Industry. AIIS offers a range of products and services for the aviation and marine industries, in addition to sound professional advice and contract reviews. Alex and the AIIS team are licensed pilots with more than 65 combined years of industry and professional underwriting experience.
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 64 acquisitions and serves its customers from 46 offices in 12 states.
Giordano, Haleran & Ciesla provided legal counsel to WIA, and legal counsel for AIIS was not disclosed. Scali Group advised WIA on the transaction.
Source: World Insurance Associates LLC
Topics Mergers & Acquisitions
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