World Insurance Associates LLC (WIA) has acquired Paul Global Benefits Inc. (PGB) of Syosset, N.Y., on September 1, 2020. Terms of the transaction were not disclosed.
PGB is an employee benefits consulting firm specializing in health/welfare and retirement services in the large group market in the U.S. and around the world. PGB’s client base consists of global multi-national companies in various industries such as technology, business services, engineering, mining, hospitality, banking, consumer products and more.
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 74 acquisitions and serves its customers from 56 offices in 13 states and Washington, D.C.
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Sica Fletcher advised WIA on the transaction. Helfer & Associates advised PGB, and Schwell Wimpfheimer & Associates provided legal counsel to PGB.
Source: World Insurance Associates LLC
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