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Worldwide Facilities to acquire RIC Insurance General Agency

  • Region:

    United States of America

  • Sector:

    Insurance

  • Deal Size:

  • Buy Side Company:

    Worldwide Facilities LLC
  • Sell Side Company:

  • Target Company:

    RIC Insurance General Agency Inc

Worldwide Facilities, LLC, an insurance brokerage managing general agency, has acquired the assets of RIC Insurance General Agency, Inc., PE Hub reported. Financial terms of the transaction were not announced. RIC is a wholesale insurance broker and managing general agent specializing in small to medium-sized commercial business as well as personal lines business. PhiloSmith advised RIC on the transaction. Worldwide Facilities is backed by Lovell Minnick Partners.

Tags:

M&A,M&A deals,mergers and acquisitions