M&A Deal Summary

Cross Insurance Wakefield Acquires Merchant Needham & Associates

On July 21, 2014, Cross Insurance Wakefield acquired insurance company Merchant Needham & Associates

Acquisition Highlights
  • This is Cross Insurance Wakefield’s 2nd transaction in the Insurance sector.
  • This is Cross Insurance Wakefield’s 2nd transaction in the United States.
  • This is Cross Insurance Wakefield’s 1st transaction in Maine.

M&A Deal Summary
Date 2014-07-21
Target Merchant Needham & Associates
Sector Insurance
Buyer(s) Cross Insurance Wakefield
Deal Type Add-on Acquisition

Target

Merchant Needham & Associates

Northeast Harbor, Maine, United States
Merchant, Needham & Associates is an independent insurance agency.

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Buyer(S) 1

Buyer

Cross Insurance Wakefield

Wakefield, Massachusetts, United States
Category Company
Sector Insurance
DESCRIPTION

Cross Insurance, a focused product-line which includes a wide array of insurance products and choices, and a commitment to personal service have helped the agency grow into northern New England’s largest independent insurance provider.

DEAL STATS #
Overall 2 of 5
Sector (Insurance) 2 of 5
Type (Add-on Acquisition) 2 of 5
State (Maine) 1 of 1
Country (United States) 2 of 5
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-09 Troy Pires & Allen Insurance

East Providence, Rhode Island, United States

Troy, Pires & Allen Insurance LLC is an insurance agency which offers personal and business insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 Corcoran & Havlin Insurance Agency

Wellesley, Massachusetts, United States

Corcoran & Havlin Insurance Agency, is an independent insurance agencies in New England with three locations in Wellesley, Medfield and Duxbury.

Buy -
Mergr

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