Tinton Falls, NJ, September 08, 2021 (GLOBE NEWSWIRE) – World Insurance Associates LLC (“WIA”), one of the Top 100 Insurance Brokerage Firms, today announced the acquisition of Potomac Ashcraft Insurance and Financial Services (Potomac Ashcraft) of Alexandria, VA on August 1, 2021. Terms of the transaction were not disclosed.
Founded in 1985, Potomac Ashcraft is a full-service insurance agency and licensed investment advisor, serving businesses and individuals in Maryland, Washington DC and Virginia. Their mission is to provide customers with the highest quality insurance services combined with the lowest rates available.
“From our inception, we have strived to meet the needs of our customers with fast, personalized service and comprehensive insurance and financing solutions,” said Robert Reilly, Owner and President of Potomac Ashcraft. “Our ultimate goal is to build lasting relationships with our customers and, as part of World, we will continue to do so. ”
“We are delighted to welcome Potomac Ashcraft to the World family,” said Rich Eknoian, CEO and Co-Founder of WIA. “Potomac Ashcraft is known for providing excellent service to its customers, and its name is synonymous with trust in the entire community it serves. ”
Giordano, Halleran & Ciesla provided legal advice to WIA, and Sica Fletcher advised them on the transaction. James T. Zelloe PC provided legal advice to Potomac Ashcraft. No other advisor, diligence firm or legal advisor has been disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Tinton Falls, NJ, and is a full-service insurance organization providing individuals and businesses with the best personal and business insurance products and services, benefits social, retirement and financial services and human capital management. solutions. Since its founding in 2012, World has completed 111 acquisitions and serves clients in more than 130 offices in the United States. 41 on Insurance Journal’s Top 100 Independent P&C Insurance Agencies list and 38th on Insurance Journal’s Top 50 Personal Insurance Agencies list. For more information, please visit www.worldinsurance.com.
Jean Wiskowski, Director of Marketing World Insurance Associate LLC 732-380-0900 Ext. 736 [email protected] Bradley Unger, Senior Vice President, Business Development World Insurance Associate LLC 732-712-2230 [email protected]
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