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World Insurance Associates LLC (“World”), a Top 50 Insurance Brokerage based in Iselin, announced today that it acquired the business of Grandview Brokerage LLC (“Grandview”) of Brooklyn, NY on November 1, 2024. Terms of the transaction were not disclosed.
Grandview provides commercial and personal insurance with niches in the healthcare, real estate, and jewel industry.
“Grandview is committed to safeguarding our customers’ property, home and business,” says Michael Schwimmer, Chief Executive Officer, Grandview. “We provide the right balance of price and protection, security and sensibility, and coverage and clarity. We are known for our creative solutions and problem solvers. As part of World, we can now offer our customers additional products and services to provide a custom designed insurance experience.”
“I would like to extend a warm welcome to Grandview,” says Rich Eknoian, CEO and Co-Founder of World. “The Grandview team brings years of experience to World, and I know they will continue to be successful.”
Giordano, Halleran & Ciesla provided legal counsel and Alvarez & Marsal advised World on the transaction. Katten Muchin Rosenman LLP provided legal counsel and Merger & Acquisition Services advised Grandview on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.
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