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You are here: Home / Insurance News | Massachusetts / Insurance Agencies | Mergers & Acquisitions / Partners Insurance Group Purchases The Interstate Insurance & Finance Company

Partners Insurance Group Purchases The Interstate Insurance & Finance Company

April 6, 2021 by AC Editor

Partners Insurance Group has eight locations throughout Southeastern MA & RI

Swansea-based Partners Insurance Group has welcomed one of Tiverton, Rhode Island’s oldest independent agencies to its ranks, the Interstate Insurance and Finance Company.

“Interstate Insurance and Finance Company has been a mainstay of the communities it serves for the better part of a century,” said Patrick D. Long, President/Chief Executive Officer of Partners Insurance Group. “With this acquisition, its enduring commitment to excellence will continue, while at the same time allowing Partners Insurance Group to expand our reach throughout key geographic markets.”

A third-generation owned & operated independent agency in Rhode Island

Established in 1936, Interstate Insurance and Finance Company is a third-generation, family operated firm offering auto, home, business, and life insurance throughout both Rhode Island and Southeastern Massachusetts for 85 years. The company was founded by John E. Ibbotson and Ernest E. Lake; Ibbotson was the grandfather of the firm’s present-day principals Robert Hartnett, Bethann H. Allcock, Susan Gustafson and Cheryl Hartnett. From its beginning, the mission of Interstate Insurance and Finance Company has been to support Tiverton and the surrounding communities by not only providing products to meet their insurance and financial needs, but to also offer advice, guidance and support in the event of a loss.

According to the terms of the transaction, effective as of February 1, 2021, in addition to acquiring all of the assets of the Tiverton, Rhode Island-based agency, the agency’s four employees will also be retained by Partners.


More about Partners Insurance Group

Agency Checklists, MA Insurance News, Mass. Insurance News, Partners Insurance Group

Partners Insurance Group, LLC is one of the area’s leading insurance agencies with eight offices throughout the South Coast Region: Fall River, Swansea, Seekonk, Somerset, New Bedford, Fairhaven and Tiverton, Rhode Island. Partners prides themselves as a professional insurance agency providing consultative expertise along with an impressive lineup of competitive product offerings.  Recognized by MAIA with the Five Star Award of Distinction for independent insurance agencies, Partners Insurance Group provides strength of a team that focuses solely on your individual insurance needs and delivers exceptional service for their clients. Partners Insurance Group, LLC is an affiliate of BayCoast Bank.

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Filed Under: Insurance Agencies | Mergers & Acquisitions, Latest News Tagged With: Agency Checklists, Insurance Agency Acquisitions Massachusetts, massachusetts insurance news, massagent, New England Insurance News, Partners Insurance Group

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