World Insurance Associates LLC (WIA) acquired Novak Agency Insurors of Largo, Fla., on June 1, 2020. Terms of the transaction were not disclosed.
Novak Agency Insurors will be managed out of WIA’s Saint Petersburg office by Gregory D. Leifer, principal of World Insurance Associates.
According to Rich Eknoian, CEO and co-founder of World Insurance Associates LLC, Novak Agency specializes in commercial insurance, which will complement WIA’s focus on personal lines in Florida with the West Coast Group and Dan Woron Agency acquisitions.
Giordano, Halleran & Ciesla provided legal counsel to WIA, and legal counsel for Novak Agency Insurers was not disclosed. Scali Group advised WIA on the transaction.
World Insurance Associates LLC is headquartered in Tinton Falls, N.J., and is a full-service insurance brokerage offering risk management, insurance, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 68 acquisitions and serves its customers from 53 offices in 13 states. WIA has been named a Top 100 P/C Agency by Insurance Journal.
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