Skip to main content

Durfee Buffinton Insurance Agency, Inc. Joins World Insurance Associates

Written by Customer Service on . Posted in Mergers And Acquisitions.

Iselin, NJ, Feb. 24, 2023 (GLOBE NEWSWIRE) — World Insurance Associates LLC (World), a Top 50 Insurance Brokerage, announced today that it acquired the business of Durfee Buffinton Insurance Agency, Inc. (“Durfee Buffinton”) of Fall River, MA on December 31, 2022. Terms of the transaction were not disclosed.

Durfee Buffinton has roots that date back almost 100 years. Today, the business is run by third generation Brown family members—Walter A. Brown III took over as president of the agency in 1986. Durfee Buffinton provides personal and business insurance coverage to customers in the New England region.

“Our mission has always been to provide insurance products and services to individuals and businesses that safeguard their assets from financial loss,” says Walter A. Brown, President, Durfee Buffinton Insurance Agency. “As part of World, and with the continued leadership of Christopher Brown and Doug Barresi, we will continue this mission, while offering additional products and services to our customers.”

“I’d like to welcome Durfee Buffinton to the World family, “ says Rich Eknoian, CEO and Co-Founder of WIA. “They are recognized for the high level of service they provide to their customers, and I know as part of World, they will continue to do so.”  

Giordano, Halleran & Ciesla provided legal counsel to World, and MarshBerry advised them on the transaction. Lyon & Fitzpatrick, LLP provided legal counsel Durfee Buffinton, and B.H. Burke & Co., Inc. advised them on the transaction. No other advisors, diligence firms or legal counsel were disclosed.

About World Insurance Associates LLC

World Insurance Associates LLC (World) is headquartered in Iselin, N.J., and is a nationally ranked, full-service insurance organization providing individuals and businesses with top products and services across 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 over 180 acquisitions and serves its customers from more than 250 offices across the United States. World is ranked #34 on the 100 Largest Brokers of U.S. Business list by Business Insurance, ranked #3 on the Fastest Growing Brokers list by Business Insurance, ranked #3 on the Fastest Growing Benefits Brokers list by Business Insurance, ranked #24 on the Top 100 P&C Agencies by Insurance Journal, and ranked #20 on the Top 50 Personal Lines Agencies by Insurance Journal. For more information, please visit www.worldinsurance.com.

CONTACT: Jean Wiskowski, Chief Marketing Officer
World Insurance Associates LLC
732-380-0900 Ext. 736
jeanwiskowski@worldinsurance.com

Bradley Unger, Senior Vice President, Business Development
World Insurance Associates LLC
732-712-2230 Ext. 186
bradleyunger@worldinsurance.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.