This is World’s 10th agency acquisition in Massachusetts since 2021
World Insurance Associates continues to grow its presence in the Bay State with its 10th agency acquisition since 2021. For its first acquisition in the Commonwealth in 2023, it has announced the acquisition of the business of Tomlinson & O’Neil Insurance Agency, Inc. (“Tomlinson & O’Neil”) of New Bedford. Effective as of December 31, 2022, no further terms of the transaction were disclosed.
“Our company was built on a solid foundation of performance, strength and reliability,” says Mark A. O’Neil, President, Tomlinson & O’Neill. “Our mission is to provide our clients with our best in terms of price and service. We are happy to continue this approach as part of World.”
Tomlinson & O’Neil has been helping businesses and individuals throughout Southeastern Massachusetts since 1956.
“I’d like to extend a warm welcome to Tomlinson & O’Neil as they join the World family,” says Rich Eknoian, CEO and Co-Founder of WIA. “They are a well-regarded agency that provides a high level of service to their clients. I know they will continue to be successful as part of World.”
Other Massachusetts agencies acquired by World Insurance
Headquartered in Tinton Falls, N.J., World Insurance Associates has grown into a national agency focused on providing individuals and businesses with top products and services across personal and commercial insurance lines, employee benefits, retirement and financial services and human capital management solutions.
Since its founding in 2011, it has completed over 180 acquisitions and now serves customers from more than 250 offices in the U.S. As a result of its aggressive growth strategy, the brokerage now appears at the top of many ranking lists, including #34 on the 100 Largest Brokers of U.S. Business list by Business Insurance, #3 on the Fastest Growing Brokers list by Business Insurance, #3 on the Fastest Growing Benefits Brokers list by Business Insurance, #24 on the Top 100 P&C Agencies by Insurance Journal, and #20 on the Top 50 Personal Lines Agencies by Insurance Journal.
As for Massachusetts, the company has made a series of agency acquisitions over the past few years, including the following that have been previously reported by Agency Checklists:
2023 Agency Acquisitions in Massachusetts
2022 Agency Acquisitions in Massachusetts
- World Insurance Associates Adds Another Mass. Agency To Its Ranks (Circle Insurance Agency)
- World Insurance Associates Acquires O’Brien And Gibbons Insurance Agency
- World Insurance Agency Acquisition Hat Trick: Two Massachusetts Agencies & A Rhode Island One (Tarpey and Rush-Kent Agency)
- World Insurance Associates Acquires The 174-Year-Old Allan M. Walker Insurance Agency
- World Insurance Associates Acquires Commercial Insurance Agency
- J.K. Olivieri Insurance Agency Joins World Insurance Associates