The latest agency purchase and sales during July, August, & September of 2020
As Agency Checklists has done for every quarter for the past few years, the following is a running list of the agency acquisitions reported or announced so far this year. For comparison purposes, the listing also includes those 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 over the past decade, it is worth noting that the majority of purchases and sales have been between agencies owned and operated in Massachusetts. It also important to add 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 insurance 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.
- In Q2-2020, during the height of the pandemic, there were five (5) acquisitions announced.
- There were a total of eight agency acquisitions in total for the third quarter of 2020. This is only one less than the amount of agencies acquired during the same quarter of 2019 (9).
- July was the busiest month of Q3-2020 with five acquisitions announced.
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)
February 2020 (Q1)
March 2020 (Q1)
April 2020 (Q2)
No Acquisitions Announced This Month
May 2020 (Q2)
June 2020 (Q2)
Massachusetts agencies sold in 2019 – Updated in 2020
January 2019 (Q1)
February 2019 (Q1)
March 2019 (Q1)
Cross Insurance Acquires The Quincy Insurance Agency (added in 2020)
April 2019 (Q1)
No reported transactions
May 2019 (Q2)
June 2019 (Q2)
Cross Insurance Acquires The Gerald T. McCarthy Insurance Agency (added in 2020)
July 2019 (Q2)
August 2019 (Q3)
September 2019 (Q3)
October 2019 (Q4)
No reported transactions
November 2019 (Q4)
Cross Insurance Acquires Fair and Yeager Insurance Agency (added in 2020)