World Insurance Associates LLC (WIA) has acquired Two Rivers Insurance Company Inc. (TRIC) of Burlington, Iowa.
TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS). Terms of the Dec. 31, 2020, transaction were not disclosed.
TRIC will continue to be headquartered in Burlington, Iowa, and will continue to offer insurance from its offices in Ft. Madison, Earlham, and West Des Moines. Todd Ackerman will continue as president and CEO.
Joining WIA’s national network of regional insurance agencies will allow TRIC to offer more products to its customers from a larger network of providers at competitive pricing.
Giordano, Halleran & Ciesla provided legal counsel to WIA and TAG Consulting Services advised WIA on the transaction. Dickinson, Mackaman, Tyler & Hagan provided legal counsel to TRIC and MarshBerry advised TRIC on the transaction.
World Insurance Associates LLC is headquartered in Tinton Falls, N.J.
Source: World Insurance Associates
Topics Mergers & Acquisitions Iowa
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