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You are here: Home / Insurance News | Massachusetts / Insurance Agencies | Mergers & Acquisitions / Insurance Agency Mergers & Acquisitions Up In Massachusetts During Q1-2020

Insurance Agency Mergers & Acquisitions Up In Massachusetts During Q1-2020

April 14, 2020 by Agency Checklists

Three more acquisitions in Massachusetts in Q1-2020 as compared to Q1-2019

2020 Insurance Agency Mergers & Acquisitions in Massachusetts

As Agency Checklists has done for every quarter for the past few years, the following is a listing of the agency acquisitions have been reported or announced during the First Quarter of 2020, which we will refer to as Q1-2020. For comparison purposes, the list includes the list of insurance agency mergers and acquisitions Agency Checklists compiled in 2019. Since not every purchase and sale is announced, however, please note this may not include transactions not reported or announced publicly.

The purpose of this list is to help our readers take stock of the consolidation of the marketplace within Massachusetts versus what is happening nationally.  Unlike the national trends, however, the majority of purchases and sales have been between agencies owned and operated in Massachusetts. It goes without saying, however, that the rate of Mergers & Acquisitions in Massachusetts will undoubtedly change for the remaining quarters of this year as a result of the COVID-19 pandemic.

Our proprietary list of purchases and sales of Massachusetts agencies

Based on our data compiled thus far in 2020, insurance agency acquisitions in Massachusetts for Q1-2019 were acquired at the same or slightly greater pace than last year right up until March.

  • There were a total of nine (9) reported M&A transactions in Massachusetts during Q1-2020.
  • This is three more than the amount announced during Q1-2019.

The following is a list of the transactions featured in Agency Checklists during 2020, followed by our list from 2019. As always, if you know of a sale of insurance agency not listed here, please help us keep this list as accurate as possible by letting us know here.

Massachusetts agencies sold in 2020


January 2020 (Q1)

The Connolly Insurance Agency Merges With Morse Insurance

RogersGray Expands Its Geographic Footprint in Southern Massachusetts With Acquisition Of The G.H. Dunn Agency

Alera Group Acquires Massachusetts’ Sylvia Group


February 2020 (Q1)

The Hilb Group Acquires Group Brokerage Insurance Agency

FBInsure Acquires Attleboro’s Nimiroski Insurance Agency

The Risman Insurance Agencies acquire the T.F. Ward Insurance Agency of Melrose

March 2020 (Q1)

Kaplansky Insurance Acquires Pike Insurance

The Hilb Group, LLC Acquires LifePlus Insurance Agency, Inc.

Gilbert Insurance Acquires Aljane Insurance Inc. of Medford


Massachusetts agencies sold in 2019


January 2019 (Q1)

Make It 32 – Kaplansky Insurance Acquires The KW Insurance Agency

Ryan Specialty Group, LLC To Acquire Boston Insurance Specialists


February 2019 (Q1)

FBinsure Acquires The Reid-Hofmann Insurance Agency

C&S Insurance Announces The Acquisition Of The Francis M Walley Insurance Agency, Inc.


March 2019 (Q1)

WTPhelan Acquires The Robert J. Cappadona Insurance Agency

The Hilb Group Acquires Another Massachusetts Insurance Agency, It’s First Of 2019


April 2019 (Q1)

No reported transactions


May 2019 (Q2)

Rogers & Gray’s Acquires The Paul Peters Agency of Falmouth & Mashpee


June 2019 (Q2)

Risk Strategies Acquires MainStreet Consulting Group

New England-based 360 Corporate Benefit Advisors Bought By The Hilb Group

Boston-based Risk Strategies Acquires Creative Insurance Solutions

Twinbrook Acquired By Brown & Brown of Massachusetts


July 2019 (Q2)

Risk Strategies Acquires California’s Winter Group, Inc.

T. Edmund Garrity Acquires The Willard Martin Agency

Risk Strategies Acquires Gerard B. Tracy Associates

The Hilb Group Acquires Massachusetts’ Agency Handy-Apple Valley, LLC

Boston-based Risk Strategies Buys New York Brokerage Firm Reiff & Associates


August 2019 (Q3)

HUB New England Acquires The Insurance Center of New England

Brown & Brown of Massachusetts Acquires Boston’s Yozell Associates


September 2019 (Q3)

The John C. Gallagher Insurance Agency Joins Kaplansky Insurance

The Hilb Group, LLC Acquires Massachusetts-based, The Incentive Group, LLC


October 2019 (Q4)

No reported transactions


November 2019 (Q4)

The Hilb Group Is Sold To The Carlyle Group

The Hilb Group Acquires Southborough-based G&N Insurance

Brown & Brown Of Massachusetts Acquires Poole Professional Cos.


December 2019 (Q4)

Another Massachusetts Insurance Producer Joins The Hilb Group

Alera Group Acquires Massachusetts’s Sylvia Group


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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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