M&A Deal Summary |
|
|---|---|
| Date | 2021-08-24 |
| Target | Berkshire Insurance Group |
| Sector | Insurance |
| Buyer(s) | Brown & Brown of Massachusetts |
| Sellers(s) | Berkshire Bank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1959 |
| Sector | Insurance |
Brown & Brown of Massachusetts offers a local, personal presence and is backed with the strength of a national organization. Brown & Brown of Massachusetts was founded in 1959 and is based in Dedham, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1846 |
| Sector | Financial Services |
| Employees | 1,310 |
| Revenue | 412M USD (2023) |
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 | 2 of 2 |
| Sector (Insurance) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-11 |
Savings Institute Bank and Trust Company
Willimantic, Connecticut, United States Savings Institute Bank and Trust Company is a community-oriented financial institution that offers a full-range of financial services to individuals, businesses, and municipalities within its market area. Savings Institute Bank and Trust Company was formed in 1842 and is based in Willimantic, Connecticut. |
Buy | $180M |
