M&A Deal Summary

Berkshire Bank Acquires Minkler Insurance Agency Inc

On October 24, 2006, Berkshire Bank acquired insurance company Minkler Insurance Agency Inc

Acquisition Highlights
  • This is Berkshire Bank’s 5th transaction in the Insurance sector.
  • This is Berkshire Bank’s 7th transaction in the United States.
  • This is Berkshire Bank’s 7th transaction in Massachusetts.

M&A Deal Summary

Date 2006-10-24
Target Minkler Insurance Agency Inc
Sector Insurance
Buyer(s) Berkshire Bank
Deal Type Add-on Acquisition

Target

Minkler Insurance Agency Inc

Stockbridge, Massachusetts, United States
Minkler Insurance Agency,is a provider of insurance services and financial services.

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Buyer(S) 1

Buyer

Berkshire Bank

Boston, Massachusetts, United States

Category Company
Founded 1846
Sector Financial Services
Employees1,310
Revenue 384M USD (2024)
DESCRIPTION

Berkshire Bank is a regional bank and financial services company providing the service capabilities of a larger institution and the focus and responsiveness of a local partner to its communities. Berkshire Bank was founded in 1846 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 16
Sector: Insurance M&A 5 of 5
Type: Add-on Acquisition M&A Deals 7 of 13
State: Massachusetts M&A 7 of 10
Country: United States M&A 7 of 16
Year: 2006 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-24 H.S. Andrews Insurance Agency

Great Barrington, Massachusetts, United States

H.S. Andrews Insurance Agency, Inc. is a provider of casualty, jewelry, business, and property insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-15 Factory Point Bancorp

Manchester Center, Vermont, United States

Factory Point Bancorp, Inc. is an operater of seven full-service community banking offices in Arlington, Dorset, Ludlow, Manchester, and Rutland Vermont. Factory Point's primary lines of business include residential real estate lending (for portfolio and sale on the secondary market), small business loan and deposit services, as well as a variety of consumer loan and deposit services. Factory Point National Bank is chartered with trust powers and offers trust and investment services in the markets it serves.

Buy $82M