Iselin-based World Insurance Associates LLC recently acquired Sprague Israel Giles, Inc. of Seattle, WA.
Terms of the private transaction were not disclosed.
Sprague Israel Giles was founded in 1958 by David Sprague and Mike Israel. Ten years later, Leon Giles joined the firm and eventually became a partner, thus forming Sprague Israel Giles. Inc., commonly called “SIG.” SIG’s current ownership consists of John Policar, President, and Rob Karl, Marnie White, Monica Cripe and Matt Conroy, vice presidents.
SIG offerings include commercial property and casualty, employee benefits, and personal insurance products. The Natural Insurance Program provides insurance exclusively for Naturopaths, and they offer Cannabis and CBD business insurance.
“Everyone at SIG strives to give our clients expert advice and consultation on all insurance related needs,” Policar said. “We believe our service to our clients is second to none. We are pleased to join World, an organization that shares our approach and culture.”
“I would like to welcome SIG to the World family,” Rich Eknoian, CEO and co-founder of World said. “With this acquisition, World enters a new state, Washington, and expands our footprint in the Pacific Northeast. SIG has a great reputation in Seattle and is highly regarded. I know they will continue to be successful as part of World.”
Giordano, Halleran & Ciesla provided legal counsel and Reagan Consulting advised World on the transaction. Parrett Porto provided legal counsel, and BH Burke & Company advised SIG on the transaction.
