TINTON FALLS, NJ, October 6, 2020- World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Paul Global Benefits, Inc. (“PGB”) of Syosset, New York on September 1, 2020. Terms of the transaction were not disclosed.
PGB is an employee benefits consulting firm specializing in health/welfare and retirement services in the large group market in the US and around the world. PGB’s continuous consultation service model is focused on financial acumen, administrative efficiency, and to provide the highest level of support services to their customers. PGB’s distinctive client base consists of global multi-national companies in various industries such as technology, business services, engineering, mining, hospitality, banking, consumer products and more.
Rich Eknoian, CEO and Co-Founder of WIA, stated, “Adding PGB to the WIA team will expand our employee benefits offerings, allowing us to provide an even more robust suite of services to our clients. We are looking forward to growing alongside PGB.”
“We are looking forward to this next chapter of growth for our company,” said Manoj Paul, President of PGB. “At PGB, we have a track record of leveraging innovative solutions to enhance the corporate employee benefit programs for our clients, and we are excited to apply this approach across WIA’s expansive and diverse client base.”
Giordano, Halleran & Ciesla provided legal counsel to WIA and Sica Fletcher advised WIA on the transaction. Helfer & Associates advised PGB and Schwell Wimpfheimer & Associates provided legal counsel to PGB.
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 74 acquisitions and serves its customers from 56 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.