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Iselin, NJ, August 26, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), a top 50 insurance broker, announced today that it has acquired Tarpey Insurance Group (“Tarpey”) of Wakefield, MA , and Rush-Kent Insurance Agency Inc. (“Rush-Kent”) of Arlington, MA on August 1, 2022. Terms of the transaction were not disclosed.
Tarpey is a family owned and operated insurance agency. They provide a variety of products and services for individuals and businesses. James J. Tarpey took over ownership of the agency in 1979. Jim began his insurance career more than 60 years ago as an underwriter for Royal Insurance. He came to the agency in 1968 and has been CEO since 1979. Jim’s five children: Mike, Liz, Jim, Mark and Steve joined the agency and have been partners with Jim since the late 1990s. , several other family members have joined the agency.
In 1925, J. Quinton Rush established the JQ Rush real estate and insurance office in Arlington, Massachusetts. They specialized in real estate sales as well as insurance. Charles R. Kent purchased the agency from JQ Rush in 1969 and changed the name to Rush-Kent Insurance Agency, Inc. In 1980, the agency moved to its current location in Arlington. Over the years, a number of agencies were purchased and incorporated into Rush-Kent. The current directors, Paul W. Kent and Robert C. Kent, have been with the agency since 1984. Today, Rush-Kent offers personal and commercial insurance to its clients.
“Tarpey Insurance Group has always been committed to providing its clients with the highest quality service possible,” says Liz Tarpey-Kent, president of Tarpey Insurance Group. “We are proud to continue this commitment as part of World Insurance Associates.”
“Insurance can be complicated,” says Paul W. Kent, director of the Rush-Kent insurance agency. “That’s why our clients need experts to work on their behalf.” “We are a trusted source for our clients,” says Robert C. Kent, director of Rush-Kent Insurance Agency. “We look forward to continuing to champion our clients as part of World.”
“I am pleased to welcome Tarpey and Rush-Kent to the global family,” says Rich Eknoian, WIA CEO and co-founder. “They are a well-respected team of insurance professionals in the greater Boston area, and they will be a great addition to our team.”
Giordano, Halleran & Ciesla provided legal advice to WIA and MarshBerry advised them on the transaction. Dowling Hales acted as exclusive financial advisor and Knox McLaughlin Gornall & Sennett, PC provided legal advice to Tarpey and Rush-Kent. No other advisers, due diligence firms or legal advisers were disclosed.
About World Insurance Associates LLC
World Insurance Associates LLC (World) is headquartered in Iselin, NJ and is a nationally ranked, full-service insurance organization providing individuals and businesses with the best products and services in personal and commercial insurance, employee and executive benefits , retirement and financial services and human capital management solutions. Since its founding in 2011, World has completed 155 acquisitions and serves clients from more than 250 offices across the United States. World is ranked #34 on Business Insurance’s 100 Largest US Commercial Brokers list, #2 on Business Insurance’s Fastest Growing Brokers list, and is one of the Insurance Journal’s Top 50 Ranked Personal Lines Agents. For more information please visit www.worldinsurance.com.
Jean Wiskowski, Director of Marketing World Insurance Associates LLC 732-380-0900 ext. 736 [email protected] Bradley Unger, Senior Vice President of Business Development World Insurance Associates LLC 732-712-2230 Ext.186 [email protected]
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