World Insurance continues to grow through acquisition

Iselin-based insurance brokerage World Insurance Associates LLC has acquired a Massachusetts-based firm, it announced this week.

The deal for Circle Insurance Agency Inc. of Danvers took place Oct. 1. Financial terms were not disclosed. Circle Insurance is a full-service agency providing coverage in personal & commercial lines, as well as financial services.

“On behalf of everyone at WIA, I’d like to welcome Circle Insurance to the World family,” co-founder and CEO Rich Eknoian said in a prepared statement. “As a result of this acquisition, World increases its presence in eastern Massachusetts, southern New Hampshire and Maine.”

Giordano, Halleran & Ciesla provided legal counsel to WIA, and the Connor Group advised it on the transaction. McInnis Law Offices provided legal counsel to Circle.