World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced that it acquired Potomac Ashcraft Insurance and Financial Services (Potomac Ashcraft) of Alexandria, VA on August 1, 2021. Terms of the transaction were not disclosed.
Founded in 1985, Potomac Ashcraft is a full-service insurance agency and registered investment advisor, serving businesses and individuals in Maryland, Washington DC and Virginia. Their mission is to provide clients with the highest quality insurance services combined with the lowest available rates.
“Since our beginning, we have been focused on meeting the needs of our clients with personalized, prompt service and comprehensive insurance and financial solutions,” says Robert Reilly, Owner and President, Potomac Ashcraft. “Our ultimate goal is to create lasting relationships with our clients and as part of World we will continue to do that.”
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“We are pleased to welcome Potomac Ashcraft to the World family,” says Rich Eknoian, CEO and Co-Founder of WIA. “Potomac Ashcraft is known for providing excellent service to their clients, and their name is synonymous with trust throughout the community they serve.”
Giordano, Halleran & Ciesla provided legal counsel to WIA, and Sica Fletcher advised them on the transaction. James T. Zelloe P.C. provided legal counsel to Potomac Ashcraft. No other advisors, diligence firms or legal counsel were disclosed.
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