World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage, announced that it acquired the business of M. Adams & Associates, Inc. (“M. Adams”) of Hazlet, NJ on June 1, 2023. Terms of the transaction were not disclosed.
M. Adams & Associates, Inc. was established in 1991. Their mission is to find quality, competitive insurance products tailored to their customer’s specific needs. They conduct business with their core values of honesty, integrity, respect, and accountability while providing prompt customer service.
“We work hard to earn our customer’s business through practicing our core values and being responsive, reliable, and professional. We are committed to maintaining a high standard of excellence in all that we do. It is our goal to establish a firm business relationship with our clients as their trusted advisor, “says Carolyn G. Pugaczewski, Principal/Owner, M. Adams & Associates, Inc. “We work to reduce insurance expense, improve our client’s cash flow and mitigate threats to their assets and the work process so they can employ their business strategy and grow their business.”
“On behalf of the World family, I’d like to welcome M. Adams & Associates, Inc.,” says Rich Eknoian, CEO and Co-Founder of World. “They have a history of providing their customers with excellent service, they are extremely talented insurance agents, and I know as part of World, they will continue to be successful.”
Giordano, Halleran & Ciesla provided legal counsel to World on the transaction. Connell Foley LLP provided legal counsel and The Manhattan Group advised M. Adams on the transaction. No other advisors, diligence firms or legal counsel were disclosed.
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