Terms of the private transaction were not disclosed.
For over 40 years, Schlegel & Schlegel has been providing home, auto and business insurance to customers in Massachusetts and Cape Cod.
“I’d like to welcome Schlegel & Schlegel to the World family,” said Rich Eknoian, co-founder and CEO of World. “They are well known, especially in the Cape Cod area, and they understand the unique needs of Cape Cod residents and business owners. I know as part of World they will continue to be successful.”
“At Schlegel & Schlegel, we pride ourselves on quality, professionalism and integrity. We provide our customers with the coverage that best meets their personal or business needs,” said Paul Schlegel, owner, Schlegel & Schlegel. “We look forward to continuing to do so as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and Sica Fletcher advised World on the transaction. The Law Office of Scott B. Rubin P.C. provided legal counsel to Schlegel & Schlegel on the transaction.