World Insurance Associates Acquires New Jersey’s Szerlip & Company

February 25, 2021

World Insurance Associates LLC (WIA) acquired Szerlip & Company of Millburn, New Jersey, on January 1, 2021. Terms of the transaction were not disclosed.

Szerlip & Co. is a third generation insurance agency founded by Herbert Szerlip in 1934. His brother Stewart later joined the firm, and they progressively built up the agency. Robert Szerlip, current CEO and president, joined the firm in 1971. Today, the company operates in forty states and offers expertise in personal, commercial, security guard, not for profit and life/health insurance.

WIA is headquartered in Tinton Falls, New Jersey, and is a full-service insurance brokerage providing asset and lifestyle protection with risk management, insurance and benefit consulting services for individuals and businesses. Since its founding in 2012, WIA has completed 91 acquisitions and serves its customers from 94 offices in 18 states and Washington, DC.

Giordano, Halleran & Ciesla provided legal counsel to WIA. Alvarez & Marsal advised WIA on the transaction. Greenberg Traurig LLP provided legal counsel to Szerlip & Co. No other advisors, diligence firms or legal counsel were disclosed.

Source: World Insurance Associates LLC