Kaplansky Insurance has acquired the Vermette and Bates Insurance Agency of New Bedford. This is the 19th agency acquisition for Ely Kaplansky and his agency in the last 16 years. With this latest acquisition, the Brookline-based agency now operates from 11 different locations throughout eastern and central Massachusetts.
“Our expansion plan is on target.” says Ely Kaplansky, president and CEO of Kaplansky Insurance. “We are continuing our search for profitable, quality agencies. We expect to continue our growth through both acquisitions and a strong focus on organic sales and marketing.”
The Vermette and Bates Insurance Agency was founded by Paul Vermette and until the present acquisition was run by his daughter Monique Rivard. Ms. Rivard will join the Kaplansky Agency in a sales and service capacity. The former agency will be merged into the Kaplansky Insurance’s Fairhaven office.
“We are very pleased that we are able to associate with an agency with such a long history and excellent reputation,” continued Kaplansky. “Vermette and Bates Insurance agency, founded by Paul Vermette and recently operated by his daughter Monique Rivard has provided local residents and business with an exceptional level of service for almost 40 years.”
For those interested in learning more about Ely Kaplansky and how he grew his agency from an ERP to one of Massachusetts’ largest independent agencies, you might be interested in the profile we did of Mr. Kaplansky last year.