Terms of the private transaction were not disclosed.
BAP was founded in 1951 by Charles Bryant, and, today, the insurance agency provides a full range of insurance products and services to businesses and individuals, primarily in Albany, Saratoga, Rensselaer, and Schenectady counties, and it has business in 12 other states.
“I’d like to extend a warm welcome to BAP,” Rich Eknoian, co-founder and CEO of World said. “BAP has a long history of providing honest and professional service to their customers, and I know they will continue to be successful as part of the World family.”
“The hallmark of Bryant Asset Protection’s business is our consistent focus on finding insurance products and strategies that work for individuals, families and businesses,” Jeffrey Bryant, president, Bryant Asset Protection, said. “BAP’s staff is trained to maximize personalized service for clients, and to act with professionalism and integrity in all lines of business. As we looked to add services and value for our clients, partnering with World and what they can bring to the table proved a great fit. We look forward being a part of World, and offering our clients additional products and services to meet their needs.”
Giordano, Halleran & Ciesla provided legal counsel and Fortrust Diligence advised World. DuCharme Clark LLP provided legal counsel to BAP.