Iselin-based World Insurance Associates LLC on Monday announced today the acquisition of The Fidella Agency, a specialist in commercial property and real estate insurance based in Lakewood.
The transaction officially closed on Sept. 1; terms were not disclosed.
Founded in 2011 by Joseph Deutsch, The Fidella Agency has built a reputation for handling complex national transactions while maintaining a personalized approach to client risk assessment and coverage needs.
Deutsch, president of The Fidella Agency, commented on the move.
“Joining World, gives us the ability to provide additional services and products to our customers,” He said. Deutsch also emphasized the agency’s commitment to direct, personalized evaluation of clients’ individual risks and liabilities.
Rich Eknoian, CEO and co-founder of World Insurance Associates, extended a warm welcome to the acquired team. “Their commitment to delivering outstanding customer service aligns perfectly with World’s values, and I look forward to their continued success,” Eknoian said.
The acquisition strengthens World Insurance Associates’ presence and expertise within the commercial property insurance sector.
Giordano, Halleran & Ciesla, and MarshBerry advised World on the transaction, while Satin and Lee Law P.C. and Sica Fletcher advised The Fidella Agency.
