This is the 27th official agency acquisition for Kaplansky Insurance
Kaplansky Insurance has acquired the George Gath Insurance Agency, Inc. of Lowell. Founded by George Gath in 1972, the Gath Insurance Agency has operated as a full-service agency in Lowell for over 40 years. Mr. Gath continues to run the agency as founder along with Susan Gath Koerber, who is President. No further terms of the transaction were announced.
In commenting on the acquisition, Kaplansky President and CEO Ely Kaplansky said:“ The exemplary leadership, staff, and reputation for being a client-focused organization with strong community ties makes Gath an excellent addition to our growing agency.”
The acquisition of Gath Insurance, announced on June 19th, marks the 27th official agency acquisition for the Needham-based agency. This is the second acquisition for the Kaplansky Insurance in the last two month, with the agency having just announced its 26th acquisition in early May. Mr. Kaplansky says the company will continue to drive its expansion through acquisitions. “We continue to pursue our search for profitable, quality agencies who have a solid reputation both in terms of underwriting and quality of service,” noted Mr.Kaplansky. With the acquisition of Gath Insurance, Kaplansky Insurance has expanded its footprint into Northern Massachusetts.
More about Kaplansky Insurance
Founded in 1974, Kaplansky Insurance, based in Needham, has grown from one agency into one of the largest and most successful independent insurance agencies not only in Massachusetts, but in the Northeast. For over a decade, Kaplansky Insurance has retained its status as part of an elite group of independent insurance agencies recognized for their commitment to delivering the highest level of customer satisfaction, by earning the “Five Star” award of distinction. Since 2006, Kaplansky Insurance has been recognized by IIABA as one of The “Best Practices” Agencies for the agency’s efforts to continue to enhance value and success within the industry.
For those independent agents interested in learning about the history of Kaplansky Insurance and its founder Ely Kaplansky, please refer to Agency Checklists April 30, 2012 interview, “An Inspirational Interview with Ely Kaplansky, President of Kaplansky Insurance.”