Poole Professionals Companies is headquartered in Wakefield, MA.
Brown & Brown of Massachusetts recently announced its acquisition of Poole Professional Companies. Founded in 1994, Poole Professional Companies is a risk management firm specializing in products and services for both architects and engineers. In addition to focusing on this niche market, the firm also offers a variety of professional liability insurance products to lawyers, accountants and other specialized service professionals.
With office locations in Wakefield, Massachusetts, and Pittsford, New York, and Philadelphia, Pennsylvannia, the company’s main marketplaces include Massachusetts and New England, New York, Pennsylvannia, and New Jersey.
In commenting on the Brown & Brown’s latest acquisition, Donald M. McGowan, a Senior Vice President who oversees several of Brown & Brown’s retail offices in the Northeast, stated, “Chris, Tom, and Ken bring an unparalleled level of understanding and experience around the risk management issues facing design professionals. We are honored they have decided to take their next step with Brown & Brown and are excited about the growth opportunities we believe will arise as a result of the broader menu of products and services they will be able to offer their customers.”
Chris Poole said, “We look forward to combining our specialized knowledge and outstanding service in the professional liability field with the expansive resources and broad expertise of Brown & Brown to provide our clients with the very best insurance and risk management solutions available.”
According to the terms of the transaction, the Poole Professional Companies team will operate as a new stand-alone office within Brown & Brown’s Retail Segment. Chris Poole, the current President of the firm will continue on after the completion of the acquisition leading the firm’s existing locations in Wakefield, Massachusetts; Pittsford, New York; and Philadelphia, Pennsylvania.
This is the second Massachusetts agency acquisition for Brown & Brown of Massachusetts since July. In August of 2019, the firm announced that it had acquired Yozell Associates of Boston.
