Iselin-based World Insurance Associates LLC said it recently acquired Thorson Insurance Services of Agoura Hills, California.
Terms of the transaction were not disclosed.
Thorson provides comprehensive property and casualty insurance and risk management solutions for high-net-worth families, successful middle market businesses, and large corporations. The business also serves complex, sophisticated commercial clients with concentrations in the medical malpractice space, entertainment and limo services.
Founded in 1984 by David Thorson and his wife, Tracey, the first Thorson office was in Diamond Bar, California. Thorson is built on a foundation of family values and heritage. Since the beginning, Thorson has been dedicated to protecting the lifestyles and businesses of their clients.
“Insurance at its core is an empathetic business. We earn the trust of our clients by being there during times of crisis,” Miles Thorson, president, Thorson Insurance Services stated. “Our reputation for developing thoughtful and high-quality insurance solutions is the result of generations of family members and associates focused on helping clients feel confident about protecting their assets,” adds Erick Thorson, President, Thorson Insurance Services.
“I’d like to welcome Thorson to the World family,” Rich Eknoian, CEO and co-founder of WIA said. “They are a successful business, and their values align well with World’s values. I know they will continue to do well as a part of World.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Marsh Berry advised them on the transaction. Dentons US LLC provided legal counsel to Thorson. No other advisors, diligence firms or legal counsel were disclosed.