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You are here: Home / Insurance News | Massachusetts / Insurance Agencies | Mergers & Acquisitions / Gilbert Insurance Acquires Aljane Insurance Inc. of Medford

Gilbert Insurance Acquires Aljane Insurance Inc. of Medford

March 31, 2020 by AC Editor

A merger between two family-owned independent Massachusetts insurance agencies

The Gilbert Insurance Agency has announced its acquisitions of Aljane Insurance Inc. Founded in 1972 by John Bandino, the Aljane Insurance Agency has operated as a family-owned agency in Medford for almost 50 years. The agency is currently owned and operated by Mr. Bandino’s daughter Janine Bandino.

“It has been a pleasure running the Aljane agency for the past ten years and working with generations of loyal clients,” said Ms. Bandino. “I have no doubt they will find the transition to the Gilbert Insurance Agency, which has been a family-owned and operated business since 1951, smooth and easy. Mark Gilbert and his experienced team are known for their industry knowledge, professionalism, and exceptional customer service.”  

The Gilbert Group from L to R Mark Gilbert David Gilbert Joan Spears front Cheryl Walsh Ann Murphy front and Jack Bono

Gibert Insurance has been serving its insureds for seven decades

Headquartered in Reading, Massachusetts, Gilbert Insurance has insured thousands of individuals, families, and businesses in the Greater Boston and North Shore area over the past 70 years. The agency works with many of the top local and national insurance companies, enabling them to offer their clients the best coverage at the most competitive rates.

Commenting on his agency’s latest acquisition, Mark Gilbert, President of Gilbert Insurance, said, “We are honored that Janine Bandino, who has run the Aljane Insurance since 2010, has entrusted us with taking care of the insurance needs of their clientele.”

Continuing, Mr. Gilbert added, “All clients of Gilbert Insurance, including our new Aljane customers, have access to quality, affordable insurance solutions through our strong carrier relationships. More importantly, our team is always available to offer knowledgeable guidance and personalized support.”

This is the second acquisition for Gilbert in the last two years. In 2017, they purchased Danca-Edgeworth Insurance formerly of Malden, Massachusetts, another well-established, family-owned insurance agency. But, while Gilbert Insurance continues to grow, the agency always strives to be more than just an insurance agent for its clients. Mr. Gilbert says, “We want to be there for our clients throughout all the stages of their life, protecting their loved ones and their most valuable assets. We will also always focus on providing the best customer experience possible. This means being responsive to our clients’ needs at all times, but especially when they have questions, concerns, or a claim.”

With the acquisition of the Aljane agency, Gilbert Insurance Agency will now have two convenient locations. The main office is located at 137 Main Street, Reading, and the second location is at 402 Salem Street, Medford.

Filed Under: Insurance Agencies | Mergers & Acquisitions Tagged With: Agency Checklists, how many insurance agency have been sold this year? Who are the biggest buyers of insurance agencies?, insurance agencies sold in New England, insurance agencies sold in the U.S., insurance agents in massachusetts, ma insurance news, massachusetts insurance agencies, massachusetts insurance news

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