Pellechio Family Agency Acquired by World Insurance Associates
World Insurance Associates, a Top 50 insurance brokerage based in Iselin, New Jersey, has acquired Pellechio Family Agency of Parsippany, NJ. The acquisition became effective on May 1, 2026, though the financial terms were not disclosed. Since its founding in 2017, Pellechio has offered commercial and personal insurance services to clients. Robert Pellechio, a Client Advisor at Pellechio Family Agency, expressed confidence that joining World will allow them to expand their offerings with additional products and services for customers. Rich Eknoian, Executive Chairman of World Insurance Associates, welcomed the acquisition as it strengthens World's presence in New Jersey. Legal counsel was provided by Giordano, Halleran & Ciesla for World and Castano Quigley Cherami for Pellechio.
Topics: Brokerage Acquisition Insurance