World Insurance Associates Expands Its Reach with Archambault Insurance Acquisition

In a strategic move to strengthen its foothold in the Northeastern insurance sector, World Insurance Associates LLC, ranked among the top 50 insurance brokerages in the United States, has acquired the business of Archambault Insurance Associates, located in Putnam, Connecticut. This merger, completed on December 1, 2024, is not only significant for World but also marks a notable transition for Archambault, a family-operated agency with deep-rooted history and expertise in providing a wide array of insurance solutions.

Founded in 1928 by Joseph A. Archambault, the agency has evolved into a third-generation family-owned business that is dedicated to offering personal, commercial, life, and health insurance services. Serving clients across Connecticut, Rhode Island, and Massachusetts, Archambault's commitment to personalized service aligns closely with World Insurance Associates’ philosophy. Marc L. Archambault, President of Archambault Insurance Associates, emphasized this alignment, stating, “Archambault was founded on a philosophy of offering personal, professional service to our clients.” He expressed enthusiasm about joining a larger firm that mirrors their commitment to customer service and community engagement.

Thomas M. Archambault, Vice President, reiterated this sentiment, saying, “We are glad to join World, an organization that shares our approach to serving our customers and community.” This harmonious synergy is what World Insurance Associates targets when making acquisitions, focusing on companies that prioritize customer relations just as they do.

Rich Eknoian, CEO and Co-Founder of World, welcomed Archambault to the World family, noting that this acquisition enhances World’s presence in Connecticut. “I look forward to watching their business grow as part of World,” Eknoian said. With this transaction, World aims to leverage Archambault’s established client base and reputation to further expand its service offerings in the region. Since its inception in 2011, World has experienced significant growth, completing over 250 acquisitions and maintaining more than 250 offices nationwide. It boasts numerous accolades and rankings, underscoring its status as a formidable player in the insurance industry.

Legal counsel for this transaction was provided by Giordano, Halleran & Ciesla for World Insurance Associates and by Satin & Lee Law P.C. for Archambault Insurance. Additionally, MidCap Consulting advised World during this acquisition, while Sica Fletcher assisted Archambault’s team.

As World Insurance Associates continues to grow, its strategic acquisitions like that of Archambault Insurance Associates demonstrate a clear commitment to enhancing its portfolio and service capabilities across personal and commercial insurance landscapes. With a robust support system and shared values regarding customer service, the merger represents an exciting opportunity for both organizations.

This evolution not only signifies growth for World Insurance but also reinforces Archambault’s legacy of providing trusted insurance solutions, ensuring that both entities can engage more effectively with their clientele and communities in the future. The combination of Archambault’s historical reputation and World’s expansive capabilities promises to deliver enhanced value for current and future customers.

For further details about this acquisition and World Insurance Associates’ services, you can visit their website www.worldinsurance.com.