Iselin-based World Insurance Associates LLC has expanded its presence in North Carolina with the acquisition of a Winston-Salem insurance firm, it announced Wednesday.
The deal for Clinard Insurance Group took effect Oct. 1. Terms were not disclosed.
The firm provides personal and commercial insurance products in the property & casualty insurance industry in North Carolina.
“I’d like to extend a warm welcome to CIG as they join the World family,” WIA co-founder and CEO Rich Eknoian said in a prepared statement. “It’s great to have CIG on board, and I look forward to many more successful years.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, while TAG Consulting advised it on the transaction. Morris, Manning & Martin LLC provided legal counsel to CIG.
