World Insurance Associates LLC (WIA) has acquired The Watts Group LLC of West Hartford, Conn. Terms of the transaction were not disclosed.
Founded in 2003 by Mike Watts, The Watts Group is a surety bond and property & casualty agency serving the New England region.
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 85 acquisitions and serves its customers from 71 offices in 16 states.
Giordano, Halleran & Ciesla provided legal counsel to WIA. Andros, Floyd & Miller provided legal counsel to The Watts Group. No other advisors, diligence firms or legal counsel were disclosed.
Source: World Insurance Associates LLC
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