Kaplansky Insurance continues to grow at a rapid rate with its third independent agency acquisition of 2021: John P. Riley Insurance.
“My team and I truly consider our clients family, and we take pride in the personal connections we establish,” Ely Kaplansky said about the acquisition and added. “We couldn’t be more excited to give our new clients a warm welcome. This acquisition allows us to widen our area of service, and onboard an experienced Personal Lines Account Manager, resulting in added value to our team.”
According to the terms of the agreement, the Riley Insurance Agency’s Dorchester location will be closing its doors; while its team member will transition to Kaplansky Insurance and work out of its Randolph location.
A leading independent insurance agency in Dorchester for 83 years
John P. Riley opened his insurance agency in 1938 while also working heavily in the real estate business. “He was managing a lot of family-owned real estate and growing the insurance agency by himself,” says his son, James H. Riley. “He was a fine gentleman who taught me everything about insurance and life.”
James began working in his father’s office in 1975. The agency was always a two-person operation, based on John’s philosophy to “keep it simple, service your business, and watch it grow.” That is precisely what James did when he purchased the agency from his father on April 1, 1980, resulting in continued success and a high level of client retention.
On the same day, 41 years later, James sold his agency to Ely Kaplansky, thus joining forces with one of New England’s largest independent insurance agencies. The combined agency now provides a broader selection of insurance companies, more competitive pricing, and an increased variety of choices to the loyal customers of John P. Riley Insurance.
37 acquisitions and counting: Kaplansky Insurance’s most recent acquisitions
With the addition of the John P. Riley Insurance Agency, Kaplansky Insurance officially has welcomed 37 independent insurance agencies during its four decades in business. The following is a recap of some of the agency’s most recent acquisitions over the past few years covered by Agency Checklists:
- Kaplansky Insurance Acquires The Towers-Lemos Agency (2021)
- Kaplansky Insurance Acquires Staite Insurance (2021)
- Kaplansky Insurance Acquires Pike Insurance (2020)
- The John C. Gallagher Insurance Agency Joins Kaplansky Insurance
- Make It 32 – Kaplansky Insurance Acquires The KW Insurance Agency
- Kaplansky Acquires Its 30th Independent Insurance Agency in Massachusetts
- Kaplansky Insurance Acquires Massachusetts’ Kelleher & Mackey Agency
- Kaplansky Insurance Acquires The Anthony & Malcolm Agency
- And Then There Were 31: Kaplansky Insurance Acquires Burak Insurance
More about About Kaplansky Insurance
For those interested in learning more about Mr. Kaplansky and how he got his start, please refer to our 2012 Agency Interview with him entitled, “An Inspirational Interview with Ely Kaplansky, President of Kaplansky Insurance.”
Founded in 1974, Kaplansky Insurance has grown from a single independent insurance agency into one of the Commonwealth’s largest insurance agencies. The company now boasts 14 locations throughout Massachusetts and over 80 employees.