World Insurance Associates LLC (WIA) has acquired LCL Insurance LLC (LCL) of Charlotte, N.C. on Feb. 1, 2021. Terms of the transaction were not disclosed.
According to Rich Eknoian, CEO and Co-Founder of WIA, the acquisition of LCL Insurance LLC will lead WIA’s expansion into North Carolina. It will build its Charlotte presence around Managing Partner Stewart Little and his team.
Giordano, Halleran & Ciesla provided legal counsel to WIA. Johnston, Allison & Hord PA provided legal counsel to LCL. No other advisors, diligence firms or legal counsel were disclosed.
World Insurance Associates LLC is headquartered in Tinton Falls, NJ, and is a national, 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 97 acquisitions and serves its customers from 99 offices in 23 states and Washington, DC. WIA is a Top 100 P/C Agency by Insurance Journal.
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