Amwins Group, Inc. Completes Acquisition of Worldwide Facilities

2021 APR 13 (NewsRx) -- By a News Reporter-Staff News Editor at Mergers & Acquisitions Daily News -- Amwins Group, Inc. (“Amwins”), a global distributor of specialty insurance products and services, announced it has completed the acquisition of Worldwide Facilities (“Worldwide”), the fourth-largest wholesale broker in the U.S. This marks the closure of the definitive agreement that was announced on March 5, 2021.

Worldwide, founded in 1970, is highly complementary to Amwins brokerage, binding authority, underwriting and group benefits capabilities and growth strategy; and it brings extensive expertise in the industry as a national wholesale insurance broker, managing general agency and program manager. The partnership not only strengthens Amwins’ casualty and professional lines capabilities, specifically around Construction, Workers Compensation, D&O and E&O, but it also expands Amwins’ geographic footprint along the west coast.

“We are adding a talented group of brokers and underwriters that further strengthens our specialty capabilities,” said Scott M. Purviance, Chief Executive Officer of Amwins. “We are thrilled to welcome the entire Worldwide team to the Amwins family and leverage the strength of both teams to benefit retailers and markets nationwide.”

The completed transaction marks Amwins’ 52nd acquisition, marrying two organizations together with complementary cultures and a shared vision to create the industry’s largest and most diversified specialty distribution firm.

Terms of the transaction were not disclosed.

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