Lock Insurance Acquired by World Insurance Associates | Financial Services M&A Deal

World Insurance Associates has completed the acquisition of Lock Insurance, a insurance brokerage business in Florida, for $1M. Lock Insurance acquisition adds personal and commercial insurance coverage capabilities to World Insurance’s Tampa-area footprint, with the Lakeland-based agency founded in 2004. World Insurance Associates acquisitions expand distribution across specialty lines including agribusiness, aviation, cannabis, construction and manufacturing, supporting broader financial services M&A growth in FL acquisitions. The add on acquisition is a strategic acquisition and a closed deal completed in February, with deal terms not disclosed and Lock Insurance operating as a division of World Insurance.