World Insurance Associates LLC has made another acquisition, adding Hadley & Lyden Inc. of Winter Park, Florida, to its stable of agencies in a deal announced Wednesday.
Terms of the transaction, which took effect March 1, were not disclosed.
Hadley & Lyden has specialized in transportation insurance since 1950, serving truckers and truck brokers, the Iselin-based company said in a news release.
“On behalf of the World family, I’d like to welcome Hadley & Lyden to our team,” World co-founder and CEO Rich Eknoian said in a prepared statement. “They are very well-known in the trucking industry, and I know they will continue to be well-regarded as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and Alvarez & Marsal advised World on the transaction, while ShuffieldLowman provided legal counsel and Dowling Hales advised Hadley & Lyden.