Broker World Insurance Associates reports it acquired J.K. Olivieri Insurance Agency, Inc. of Middleboro, Massachusetts, on December 1, 2021.
Terms of the transaction were not disclosed.
J.K. Olivieri Insurance Agency was founded in 1979 in Brockton by John K. Olivieri. In 1986 the agency opened an office in Lakeville, which was moved to Middleboro in 2004 as the agency expanded. In 2003, John Olivieri Jr. and Ken Olivieri were named partners in the agency, and today their father, J.K. Olivieri, serves in an advisory role.
The agency provides auto and home insurance to individuals, as well as commercial insurance. Ken Olivieri said that as part of World, the agency will offer its clients additional products and services.
World Insurance Associates is headquartered in Tinton Falls, New Jersey. Since its founding in 2012, World has completed 140 acquisitions.
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