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Iselin-based World Insurance Associates on Friday announced that it acquired another New Jersey-based agency, JBL Trinity Group Ltd. of Atlantic Highlands.
Terms of the private transaction were not disclosed.
JBL was established in October 1997. It offers a variety of insurance products, including auto, home and business insurance and specializes in maritime and New York City construction insurance.
“It has always been our belief that our clients are our partners and must be treated with honesty and respect. Honor, trust, integrity and ingenuity are the core principles which guide us in our daily pursuit of providing exceptional service to our client partners,” Joseph DiMattina, CEO, JBL Trinity, said. “I’m looking forward to joining World, a company that shares these values.”
“I would like to welcome JBL to the World family,” Rich Eknoian, co-founder and CEO of World, said. “I know Joe and his team will be a great addition to our organization.”
Giordano, Halleran & Ciesla provided legal counsel and Sica Fletcher advised World on the transaction. Betancourt, Greco & Evans LLC provided legal counsel and the Manhattan Group advised JBL on the transaction.
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