Iselin-based World Insurance Associates LLC acquired the business of B.R. Alexander & Co. Inc. of Boston on May 1.
Terms of the private transaction were not disclosed.
B.R. Alexander was founded in 1937. The agency provides a wide range of commercial and personal insurance in 25 states, with the majority of customers located in Massachusetts and the broader New England area. B.R. Alexander works with companies in a broad range of industries, including real estate, commercial marine, educational, financial and medical institutions, as well as nonprofits.
“I’d like to welcome B.R. Alexander to the World family,” said Rich Eknoian, co-founder and CEO of World. “They have a long history and an exceptional reputation, and I know they will continue to do well as a part of World.”
“We are thrilled to be joining World,” Dean Steeger, president, B.R. Alexander, said. “We look forward to providing our clients with additional products and services that meet their insurance needs.”
Giordano, Halleran & Ciesla provided legal counsel and OPTIS Partners advised World. Satin and Lee Law P.C. provided legal counsel and SicaFletcher advised B.R. Alexander.