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World Insurance Associates LLC on Thursday said it has acquired Volaris Insurance Group LLC.
Terms of the transaction, which closed Dec. 31, 2022, were not disclosed.
Tampa, Florida-based Volaris provides commercial lines coverages with a specialization in the trucking and cell tower industries, a statement said.
Volaris has fewer than 10 full-time employees, the majority of whom have moved over to World, according to an email from a spokeswoman.
World Insurance, based in Iselin, New Jersey, is the 34th-largest broker of U.S. business in the most recent Business Insurance rankings.