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World Insurance Associates LLC acquires Skylands Insurance Group to expand insurance services

Nov 12, 2024•about 1 year ago

Acquiring Company

Green Bay Insurance Center

Acquired Company

Skylands Insurance Group

IselinFlandersFinancial ServicesProfessional ServicesInsuranceHealth Care

Description

World Insurance Associates LLC, a Top 50 Insurance Brokerage, has acquired the business of Skylands Insurance Group of Flanders, NJ. This acquisition enables World to offer additional insurance products and services, reinforcing their commitment to providing top products and services across personal and commercial insurance, employee and executive benefits, retirement planning, and financial planning services.

Company Information

Company

Green Bay Insurance Center

Location

Iselin, New Jersey, United States

About

Founded in 1968, Green Bay Insurance Center is a full service agency specializing in various types of insurance including home, auto, and business insurance. They pride themselves on superior customer service and a personal approach to business.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed