Amwins to acquire Worldwide Facilities

Amwins , a global distributor of specialty insurance products and services, has signed a definitive agreement to acquire Worldwide Facilities , the fourth-largest wholesale broker in the US. Terms of the transaction were not disclosed.

“The acquisition of Worldwide is a watershed moment not just for Amwins, but the specialty distribution space. Since the beginning, we’ve believed that scale and specialization are key to delivering for our clients. Over the last 19 years, we’ve been able to build an organization that stands out amongst the competition. With the addition of Worldwide to the Amwins family we are partnering with a very talented group of brokers and underwriters. Worldwide has a very similar culture to Amwins and has a significant employee ownership base. The combined firm will have over 1,025 employee shareholders owning 43% of the business.” – Scott M. Purviance, Chief Executive Officer of Amwins.

The Worldwide team, led by Davis Moore, will join Amwins’ leadership team. The combined firm will have more than 6,151 employees in over 155 offices across the US, and place in excess of $24B in premium annually.

“We are excited to join the Amwins family and the opportunities this partnership offers. Our organizations complement each other very well from a culture and business philosophy perspective. Together, we can use our scale to continue to invest in people, technology, product and tools to deliver specialized solutions to our retail clients.” – Davis Moore, CEO of Worldwide.