First International Insurance joins World Insurance Associates | ROI-NJ

World Insurance Associates LLC on Thursday announced it acquired the business of First International Insurance, a division of First International Bank & Trust of Watford City, North Dakota.

Terms of the private transaction were not disclosed.

FI Insurance has over 100 years of history and specializes in contractors, contractor bonds, trucking, oil and gas manufacturing, hospitality, farm, agriculture, crop and hail. Today it has 12 locations across North Dakota, Minnesota, and Arizona.

“At First International Insurance, we take pride in getting to know our clients personally, so we can find them the coverage that best protects them from loss,” Andy Hendrickson, director of Insurance, First International Insurance, said. “It’s great to join World, and we look forward to providing our clients with the same level of exceptional customer service with additional products and services.”

“On behalf of World, I would like to extend a warm welcome to FI Insurance,” Rich Eknoian, CEO and co-founder of World said. “This acquisition expands World’s presence to North Dakota. I know FI Insurance will continue to be successful as part of World.”

Giordano, Halleran & Ciesla provided legal counsel and Alvarez & Marsal advised World on the transaction. Potomac Law Group, PLLC provided legal counsel and MarshBerry advised FI Insurance on the transaction. No other advisors, diligence firms, or legal counsel were disclosed.

Since its founding in 2011, Iselin-based World Insurance Associates has completed more than 220 acquisitions and serves its clients from more than 250 offices across the United States.