Dealer World Insurance coverage Associates stories it acquired J.Ok. Olivieri Insurance coverage Company, Inc. of Middleboro, Massachusetts, on December 1, 2021.
Phrases of the transaction weren’t disclosed.
J.Ok. Olivieri Insurance coverage Company was based in 1979 in Brockton by John Ok. Olivieri. In 1986 the company opened an workplace in Lakeville, which was moved to Middleboro in 2004 because the company expanded. In 2003, John Olivieri Jr. and Ken Olivieri have been named companions within the company, and immediately their father, J.Ok. Olivieri, serves in an advisory position.
The company supplies auto and residential insurance coverage to people, in addition to business insurance coverage. Ken Olivieri mentioned that as a part of World, the company will supply its purchasers extra services.
World Insurance coverage Associates is headquartered in Tinton Falls, New Jersey. Since its founding in 2012, World has accomplished 140 acquisitions.
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