TINTON FALLS, NJ, October 20, 2020- World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Hampton Insurance Agency, LLC (“Hampton Insurance”) of Hampton, VA on October 1, 2020. Terms of the transaction were not disclosed.
Hampton Insurance is a Property & Casualty (“P&C”) insurance agency serving personal and commercial clients throughout Tidewater Virginia. The firm specializes in the transportation industry.
“Hampton Insurance is a great addition to the WIA team,” states Rich Eknoian, CEO and Co-Founder of WIA. “We are excited to leverage Hampton Insurance’s areas of expertise, while also growing our presence in Virginia.”
“We are looking forward to continuing our growth trajectory alongside World Insurance Associates,” said Charles Ellis, President of Hampton Insurance. “This partnership will allow us to offer our new and existing clients an even broader array of products and services.”
Giordano, Halleran & Ciesla provided legal counsel to WIA. Basnight, Kinser, Leftwich & Nuckolls provided legal counsel to Hampton Insurance. No other advisors were used in the transaction.
World Insurance Associates LLC is headquartered in Tinton Falls, NJ, and is a nationally ranked, full-service insurance brokerage providing world-class asset and lifestyle protection with insurance, risk management, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 75 acquisitions and serves its customers from 55 offices in 13 states and Washington, D.C. WIA has been named one of The Most Successful Companies in America by Inc. 5000, is a Top 100 P/C Agency by Insurance Journal and Business Insurance, a five-time honoree by NJBIZ Fast 50, and a two-time Business Insurance Best Place to Work.