World Insurance Associates acquires Massachusetts agency

Iselin-based World Insurance Associates LLC on Tuesday said it acquired Tomlinson & O’Neil Insurance Agency Inc. of New Bedford, Massachusetts, on Dec. 31.

Terms of the transaction were not disclosed.

Tomlinson & O’Neil has been helping businesses and individuals throughout southeastern Massachusetts since 1956.

“I’d like to extend a warm welcome to Tomlinson & O’Neil as they join the World family,” Rich Eknoian, co-founder and CEO of WIA, said. “They are a well-regarded agency that provides a high level of service to their clients. I know they will continue to be successful as part of World.”

“Our company was built on a solid foundation of performance, strength and reliability,” Mark O’Neil, president, Tomlinson & O’Neill, stated. “Our mission is to provide our clients with our best in terms of price and service. We are happy to continue this approach as part of World.”

Giordano, Halleran & Ciesla provided legal counsel to World, and MarshBerry advised them on the transaction. Lyon & Fitzpatrick LLP provided legal counsel to Tomlinson & O’Neil and B.H. Burke & Co. Inc. advised them on the transaction. No other advisers, diligence firms or legal counsel were disclosed.

Since its founding in 2011, World has completed over 180 acquisitions and serves its customers from more than 250 offices across the United States.