Massachusetts-based insurance agency makes its 29th acquisition
Company continuing its "rapid expansion" throughout the state, says CEO
Massachusetts-based insurance agency makes its 29th acquisition
INSURANCE NEWS
By Alicja Grzadkowska
18 Jun 2018

Kaplansky Insurance has today announced its acquisition of Kelleher & Mackey Insurance Agency, based in Quincy, Massachusetts. The news follows an acquisition that the independent, locally-owned agency made earlier this year of Anthony and Malcolm Insurance Agency, also based in Massachusetts.

“The acquisition of Kelleher & Mackey is integral to the future growth of Kaplansky. This acquisition presents a compelling opportunity to continue our rapid expansion throughout Massachusetts. Our commitment to our communities, clients and to our company partners will remain the foundation for all we do,” commented Ely Kaplansky, president and CEO of Kaplansky Insurance, in a press release.

The process of integrating the two agencies will see them merge in a new location in Weymouth (pictured).

This move marks the 29th acquisition for Kaplansky Insurance, and it won’t be the last.

“The addition of K&M marks the 29th acquisition for our agency and further strengthens our agency’s presence as one of the largest independent locally owned agencies in the Northeast. We will continue to pursue our search for profitable, quality agencies who have a solid reputation in terms of underwriting and quality of service,” said Kaplansky, whose agency currently boasts 13 locations throughout Massachusetts.

 

Related stories:
RSG taps industry expert to lead new facility
Top insurer to pull out of multiple states

 

Free newsletter

We'll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Free newsletter

Our daily newsletter is FREE and keeps you up - to - date with the world of Insurance. Please complete the form below and click on subscribe for daily newsletters from IB US.