Commercial insurance is a specialty of the Novak Agency, acquired by World Insurance Associates. | By maxstrz/Wikimedia Commons
Novak Agency Insurers of Largo, Florida, was acquired by World Insurance Associates LLC for an undisclosed amount.
The Top 100 Insurance Agency’s Gregory Leifer, principal of World Insurance Associates, will manage the Novak Agency from its Saint Petersburg office, Business Wire reported on Aug. 5.
“I look forward to expanding our expertise and reach in Florida and providing Novak Agency clients with additional resources, services and markets,” Leifer told Business Wire.
Rich Eknoian, CEO and fo-Founder of World Insurance Associates LLC, told Business Wire the company specializes in commercial insurance.
“Novak Agency specializes in commercial insurance, which is a nice complement to our focus on personal lines in Florida with the West Coast Group and Dan Woron Agency acquisitions,” Eknoian told Business Wire.
Legal counsel for World Insurance Associates was Giordano, Halleran & Ciesla. Scali Group advised the insurance carrier. Novak Agency Insurers did not disclose its legal counsel.
With its headquarters in Tinton Falls, New Jersey, World Insurance Associations is a full-service insurance brokerage founded in 2012. It provides insurance, risk management and benefit consulting services.
The Novak Agency acquisition is one of 68 its made since it was founded.
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