World Insurance Associates on Wednesday said it acquired the business of Cohen Partners of New York on March 1.
Terms of the transaction were not disclosed.
Cohen Partners was founded in 2000 and provides insurance, benefits, risk management, financial solutions and cyberliability products to individuals and companies.
“On behalf of the World team, I’d like to welcome Cohen Partners,” Rich Eknoian, co-founder and CEO of World, stated. “I have no doubt that they will continue to be successful as part of the World family.”
“In today’s increasingly complex world, no single solution can be expected to meet a client’s business or personal needs,” Barry Cohen, president, Cohen Partners, said. “Our team of knowledgeable professionals offers clients flexible and comprehensive insurance plans that are right for them. As part of World, we can offer even more products and services to our clients.”
Giordano, Halleran & Ciesla provided legal counsel and Reagan Consulting advised World. Keidel, Weldon & Cunningham LLP provided legal counsel to Cohen Partners.
Since its founding in 2011, Iselin-based World has completed over 190 acquisitions and serves its customers from more than 250 offices across the United States.