M&A TRANSACTION · 2023
World Insurance Associates (Investment) acquired by Goldman Sachs Asset Management / Charlesbank Capital Partners
$1.00B· 6.80x revenue
Target
World Insurance Associates (Investment)
Iselin, NJ
National insurance brokerage with retail insurance, wholesale insurance, and retirement/wealth advisory lines
Acquirer
Goldman Sachs Asset Management / Charlesbank Capital Partners
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$500.0M
EBITDA
—
Deal Value
$1.00B
EV/EBITDA
—
Context
This $1.00B acquisition of World Insurance Associates (Investment) by Goldman Sachs Asset Management / Charlesbank Capital Partners sits in the insurance agency sub-vertical. Goldman Sachs Asset Management / Charlesbank Capital Partners is acquiring as a private equity buyer; see how PE acquirers typically price insurance agency businesses on our Insurance Agency PE buyer-pool page.
Source
Data sourced from Press Release — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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