Iselin-based World Insurance Associates LLC acquired the business of K. Bell and Associates Inc. of Cold Spring Harbor, New York, on Jan. 1, 2023. Terms of the transaction were not disclosed.
K. Bell and Associates was founded in 2005 and provides personal and commercial casualty insurance products.
“Our agency believes in providing the best products and services to our clients at the best possible price,” Ken Bell, principal, K. Bell and Associates, said. “We are pleased to be joining World and offering more products and services to our clients.”
Giordano, Halleran & Ciesla provided legal counsel to World. Kiely LLP provided legal counsel to K. Bell and Associates. No other advisers, diligence firms or legal counsel were disclosed.
Since its founding in 2011, World has completed over 175 acquisitions and serves its customers from more than 250 offices across the U.S.