US-based private and business traces insurer World Insurance coverage Associates (World) has acquired Michigan-based peer Morris Insurance coverage Group of Clinton Township and Rochester.
The deal consideration was not revealed.
Morris affords private, business, well being and life insurance coverage providers.
World Insurance coverage Associates CEO and co-founder Wealthy Eknoian stated: “I’d wish to welcome Morris Insurance coverage to the World household. They’re a educated group of insurance coverage professionals, and I do know they are going to be profitable as a part of World.”
TAG Consulting supplied recommendation to World on the deal whereas Giordano, Halleran & Ciesla supplied authorized recommendation.
MacElree Harvey supplied authorized recommendation and Sica Fletcher suggested Morris Insurance coverage on the deal.
Morris proprietor Bruce Morris stated: “At Morris Insurance coverage Group, we dedicate ourselves to answering our purchasers’ questions and offering options for his or her particular wants.
“Our fame is constructed on integrity, experience, and distinctive customer support and we’re thrilled to be becoming a member of World, an organization that exemplifies these identical rules.”
World affords worker and govt advantages, in addition to retirement, private and business insurance coverage.
It has concluded greater than 190 acquisitions since its inception in 2011 and caters to its purchasers from over 250 US workplaces.