World Insurance Associates Acquires TE Freuler
World Insurance Associates, a Top 50 insurance brokerage based in Iselin, New Jersey, has acquired the business of TE Freuler on June 1, 2026. TE Freuler, which has been operating since 1963 and serves clients from offices in Somerset and Newark, NJ, specializes in commercial and personal insurance solutions. Jack J. Butler, President of TE Freuler, emphasized the company's commitment to providing competitive pricing and comprehensive coverage while reducing client costs and gaps. Rich Eknoian, Executive Chairman and Founder of World Insurance Associates, welcomed the acquisition as a strategic move that enhances their presence in New Jersey and expands service offerings. Legal counsel for the transaction included Giordano, Halleran & Ciesla advising World and Satin and Lee Law P.C., along with Centurian Group representing TE Freuler. Terms of the deal were not disclosed.
Topics: Business Acquisition Insurance