Iselin-based World Insurance Associates on Friday said it acquired Future Insurance Group of Schererville, Indiana.
Terms of the transaction were not disclosed.
Future Insurance Group is a family-owned insurance agency providing coverage for all transportation needs, including long haul trucking, fleet, nonfleet accounts and individual owner-operators.
“On behalf of the World family, I’d like to welcome Future Insurance Group,” Rich Eknoian, co-founder and CEO of WIA, said. “They are successful trucking insurance specialists and I know they will continue to be successful, meeting their clients’ insurance needs with even more products and services.”
“We believe in educating our customers about their insurance options, and then working together to select the best options for their needs,” Sasa Milosevic, founder and president, Future Insurance Group, said.
Giordano, Halleran & Ciesla provided legal counsel to World, and MarshBerry advised them on the transaction. Dykema Gossett PLLC provided legal counsel to Future Insurance Group. No other advisors, diligence firms or legal counsel were disclosed.
Since its founding in 2011, World has completed 172 acquisitions and serves its customers from more than 250 offices across the United States.
