TINTON FALLS, N.J.–(BUSINESS WIRE)–#acquisitions–World Insurance Associates LLC (WIA), a Top 100 Insurance Agency, announced today that it acquired Two Rivers Insurance Company, Inc. (“TRIC”) of Burlington, IA on December 31, 2020. TRIC includes Two Rivers Insurance Services (TRIS) and Employee Benefits Systems (EBS).
Terms of the transaction were not disclosed.
TRIC will continue to be headquartered in Burlington, Iowa, and will continue to offer insurance from its offices in Ft. Madison, Earlham, and West Des Moines. Todd Ackerman will continue as President and CEO. Joining WIA’s national network of regional insurance agencies will allow TRIC to offer more products to its customers from a larger network of providers at competitive pricing.
“We are excited to welcome TRIC to the World family,” said Rich Eknoian, CEO and Co-Founder of WIA. “With this acquisition, WIA will now have four offices throughout Iowa, and an expanded and strengthened suite of product offerings, especially in the employee benefits and TPA space.”
“TRIC is committed to providing responsive and innovative solutions to our clients’ insurance and risk management needs. To this end, our entire staff is dedicated to integrity, professionalism and unparalleled service every day,” said Todd Ackerman, President and CEO. “We look forward to partnering with WIA.”
Giordano, Halleran & Ciesla provided legal counsel to WIA and TAG Consulting Services advised WIA on the transaction. Dickinson, Mackaman, Tyler & Hagan provided legal counsel to TRIC and MarshBerry advised TRIC on the transaction.
About Two Rivers Financial Group
Two Rivers Financial Group, Inc. through its wholly-owned subsidiary of Two Rivers Bank & Trust, offers financial solutions encompassing banking and trust and investment management services with locations in Ankeny, Bettendorf, Burlington, Coralville, Keokuk, Des Moines, Iowa City, Mediapolis, Mount Pleasant, West Burlington, and West Des Moines. For more information, please visit www.tworivers.bank.
About World Insurance Associates LLC
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 risk management, insurance, and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 91 acquisitions and serves its customers from 94 offices in 18 states. 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, and a five-time honoree by NJBIZ Fast 50. For more information, please visit www.worldinsurance.com.