World Insurance Associates LLC (WIA) has acquired Peoples/Commercial Insurance Services LLC (d/b/a Peoples Insurance Group) in Topeka, Kansas.
The transaction, the terms of which were not disclosed, was effective Aug. 1.
Peoples Insurance Group, founded in 1917, is the largest locally owned independent agency in Topeka. The agency offers several lines of insurance, including personal, business, commercial, life, disability and bonds.
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Smith Law Firm provided legal counsel for Peoples Insurance Group. Scali Group LLC advised WIA on the transaction. No other advisors or diligence firms were disclosed.
World Insurance Associates LLC is headquartered in Tinton Falls, N.J.
Source: World Insurance Associates
Topics Mergers & Acquisitions
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