National insurance broker World Insurance Associates LLC reports it acquired NorthStar Insurance Services of Needham, Massachusetts on July 1, 2024. Terms of the transaction were not disclosed.
NorthStar was founded in 1995 and is one of New England’s largest insurance agencies, providing business and personal insurance. In 2014, NorthStar acquired The Insurance Center in Claremont, New Hampshire, and in 2022 it acquired McCrillis & Eldredge, another New Hampshire property/casualty agency in Newport.
Edward B. Pierce, Jr. is founder and president, and Gregory G. Pierce, is senior vice president of NorthStar.
Giordano, Halleran & Ciesla provided legal counsel and MarshBerry advised World on the transaction. Satin and Lee Law P.C. provided legal counsel and Sica Fletcher advised NorthStar on the transaction.
World Insurance Associates, headquartered in Iselin, New Jersey, has completed more than 200 acquisitions and serves its clients from more than 250 offices across the country. World is ranked #15 on the Top 100 P&C Agencies by Insurance Journal, ranked #19 on the Top 50 Personal Lines Agencies and ranked #19 on the Top 50 Commercial Lines Agencies by Insurance Journal.
Topics
Mergers & Acquisitions
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