The Tarpey Insurance Agency is a family-owned independent agency based in Wakefield
The Tarpey Insurance Agency has announced the merger/acquisition of the John J. Holt Insurance Agency of Lexington. Tarpey Insurance is headquartered in Wakefield and boasts locations in Newton, Saugus and now Lexington. As a result of the sale completed on December 31, 2012, the Holt Agency’s office will be switched over to the Tarpey Insurance name and all of the current staff will become employees of the Tarpey Insurance Agency.
“One of the reasons this merger/acquisition worked so well is the corporate philosophy of both agencies. We consider our clients extended family and make every effort to provide outstanding service. We work hard service all of their insurance questions and needs.”
Both the Holt and Tarpey Insurance Agencies are family-owned independent agencies. The John J. Holt Insurance Agency opened in Lexington in 1976. It has been run by Mr. Holt and his wife Patricia, who owned and operated the agency together until their decision to sell.
James J. Tarpey has been at the helm of Tarpey Insurance since 1978. He joined the Agency in 1968, becoming the CEO in 1978. Prior to entering agency life, Mr. Tarpey began his insurance career as an underwriter for Royal Insurance. Today, while still serving as CEO, Mr. Tarpey is now aided in the operation and expansion of his agency by all five of his children Michael, Elizabeth, James B., Mark and Stephen.
Looking forward, the company says that even though it just completed this successful merger/acquisition, they are always on the looking for additional agencies to purchase. “We would look at any type of agency for sale, but are most interested in family-owned and operated agencies with owners looking to retire,” says Tarpey’s Vice President, Michael Tarpey. And while size is not an issue notes Tarpey, ideally the agencies that his company would be interested in are those that specialize in property and casualty versus life, health and benefits.