M&A Deal Summary

Starkweather & Shepley Insurance Brokerage Acquires Universal Insurance Agency

On November 3, 2014, Starkweather & Shepley Insurance Brokerage acquired insurance company Universal Insurance Agency

Acquisition Highlights
  • This is Starkweather & Shepley Insurance Brokerage’s 1st transaction in the Insurance sector.
  • This is Starkweather & Shepley Insurance Brokerage’s 1st transaction in the United States.
  • This is Starkweather & Shepley Insurance Brokerage’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2014-11-03
Target Universal Insurance Agency
Sector Insurance
Buyer(s) Starkweather & Shepley Insurance Brokerage
Deal Type Add-on Acquisition

Target

Universal Insurance Agency

Smithfield, Rhode Island, United States
Universal Insurance Agency, Inc. is a provider of personal and commercial insurance to a wide range of classes such as environmental, manufacturing, commercial real estate and development, construction and construction management and high-tech firms.

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Buyer(S) 1

Buyer

Starkweather & Shepley Insurance Brokerage

East Providence, Rhode Island, United States

website

Category Company
Founded 1879
Sector Insurance
DESCRIPTION

Starkweather & Shepley Insurance Brokerage, Inc. is an insurance brokerage firm. Starkweather & Shepley provides commercial insurance, personal insurance, health and employee benefits, surety bonding and risk management service.

DEAL STATS #
Overall 1 of 6
Sector (Insurance) 1 of 5
Type (Add-on Acquisition) 1 of 6
State (Rhode Island) 1 of 3
Country (United States) 1 of 6
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-19 McGrath Insurance Group

Sturbridge, Massachusetts, United States

McGrath Insurance Group, Inc. is a full-service independent insurance agency, provides insurance, employee benefits, life insurance, home insurance, auto insurance, and specialty insurance needs.

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