The transaction was effective as of November 1st
Another week, another round of announced agency acquisitions in Massachusetts. In addition to Hub New England’s acquisition of Tanna Insurance, the independent owned and operated broker firm, Smith Bothers has announced its acquisition of Oxford Insurance Agency.
“Oxford Insurance brings us expanded presence in Massachusetts and allows personal and commercial clients of Oxford Insurance to gain access to additional carriers, coverages, and risk management services. Those who own or operate a business will benefit from additional value-added services such as human resources, employee wellbeing, safety, compliance, and financial services,” states Joe B. Smith, President & CEO of Smith Brothers Insurance. “Both agencies have strong ties to serve our clients and give back to the communities where we live and work.”
According to the terms fo the transaction, Oxford Insurance’s CEO, Brian Ravenelle, will become a partner of Smith Brothers Insurance and will stay fully engaged in client service, business development, and in serving clients with the same team of insurance professionals. In addition, the rest of the Oxford Insurance team members will join Smith Brothers upon completion of the acquisition.
“As I have come to know Joe and members of the Smith Brothers team, it is clear we share the same values,” says Brian Ravenelle. “Their commitment to exceptional client service, continued growth, and being a great place to work is so exciting to our team and aligns with our commitment to be the best we can be for our clients, partners, and the community.”
More about Smith Brothers Insurance, LLC
Smith Brothers Insurance is an independently operated, Top 100 Broker in the U.S. Founded in Hartford, Connecticut in 1971 by brothers, Bob and Brian Smith, Smith Brothers Insurance has expanded to more than 200 team members in locations across Connecticut, Massachusetts, New Jersey, and New York.