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Tinton Falls, NJ, Feb. 01, 2022 (GLOBE NEWSWIRE) -- World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced today that it acquired Sumner & Sumner, Inc. Insurance (“Sumner & Sumner”) of Willimantic, CT on December 31, 2021. Terms of the transaction were not disclosed.
Sumner & Sumner’s history begins in 1851, when the “The A.W. Jillson Insurance Agency” began writing fire and life insurance in Willimantic, CT. The agency was then purchased by A.B. Adams in 1862. Eventually, new talent was brought into the agency, with George Elliot and Stanley Sumner joining the firm in 1926. Later, Stanley’s brother Homer bought Mr. Elliot’s interest, and in 1947 the agency took on the name “Sumner & Sumner”. Today, Sumner & Sumner offers personal and commercial insurance, as well as financial products and benefits to their clients. “We have always continued to grow with the industry and our community” says Brendan J. Quinn, President, Sumner & Sumner. “As part of World Insurance, we are poised to serve our clients for another 170 years.” “We are pleased welcome Sumner & Sumner to the World family,” says Rich Eknoian, CEO and Co-Founder of WIA. “Sumner & Sumner offers comprehensive, affordable insurance solutions to individuals, families and businesses, and as part of WIA, I know they will continue to do so.” Giordano, Halleran & Ciesla provided legal counsel to WIA, and Fortrust Diligence advised them on the transaction. Messier, Massad, Burdick & Flynn provided legal counsel to Sumner & Sumner and TAG Financial Institutions Group advised them on the transaction. No other advisors, diligence firms or legal counsel were disclosed. About World Insurance Associates LLC World Insurance Associates LLC (World) is headquartered in Tinton Falls, N.J., and is a full-service insurance organization providing individuals and businesses with top products and services across personal and commercial insurance lines, employee benefits, retirement and financial services and human capital management solutions. Since its founding in 2012, World has completed 140 acquisitions and serves its customers from more than 160 offices in the U.S. World is ranked #2 on Business Insurance’s Fastest Growing Brokers list, #53 on Business Insurance’s 100 Largest Brokers of U.S. Business list, #31 on Insurance Journal’s Top 100 Independent P&C Agencies list, and #38 on Insurance Journal’s Top 50 Personal Lines Agencies list. For more information, please visit www.worldinsurance.com. SOURCE: www.globenewswire.com/news-release/2022/02/01/2376850/0/en/World-Insurance-Associates-Acquires-Sumner-Sumner-Inc-Insurance.html This Post is for informational purposes only and does not constitute an offer, invitation or recommendation to buy, sell, subscribe for or issue any securities. While the information provided herein is believed to be accurate and reliable, TAG Financial Institutions Group, LLC and Ashland Securities, LLC make no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. All information contained herein is preliminary, limited and subject to completion, correction or amendment. It should not be construed as investment, legal, or tax advice and may not be reproduced or distributed to any person. Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of Ashland Securities, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and Ashland Securities, LLC are separate and unaffiliated entities. Securities and Investment Banking Services are offered through Ashland Securities, LLC. Comments are closed.
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Certain Principals of TAG Financial Institutions Group, LLC are registered representatives of TAG Capital Partners, LLC Member FINRA, SIPC. TAG Financial Institutions Group, LLC and TAG Capital Partners, LLC are separate affiliated entities. Securities and Investment Banking Services are offered through TAG Capital Partners, LLC.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.
TAG Capital Partners, LLC is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority. Alternative investments are speculative, involve a high degree of risk and are not suitable for all investors. Complete loss of principal is possible. Private placements are unregistered securities, considered illiquid and long-term investments. Distributions are not guaranteed.