Add-on Acquisition • Insurance

Eastern Insurance Group Acquires Chase and Lunt Insurance Agency

On February 7, 2017, Eastern Insurance Group acquired insurance company Chase and Lunt Insurance Agency

Acquisition Context
  • This is Eastern Insurance Group’s 5th transaction in the Insurance sector.
  • This is Eastern Insurance Group’s 5th transaction in the United States.
  • This is Eastern Insurance Group’s 5th transaction in Massachusetts.

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M&A Deal Summary

Date February 7, 2017
Target Chase and Lunt Insurance Agency
Sector Insurance
Buyer(s) Eastern Insurance Group
Deal Type Add-on Acquisition

Target Company

Chase and Lunt Insurance Agency

Newburyport, Massachusetts, United States
Chase and Lunt Insurance Agency LLC is a full-service insurance agency that provides personal, commercial, house and life insurance products. Chase and Lunt Insurance Agency LLC was founded in 1879 and is based in Newburyport, Massachusetts.
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Buyer Overview 1

Buyer

Eastern Insurance Group

Natick, Massachusetts, United States

Category Company
Founded 1989
Sector Insurance
DESCRIPTION

Eastern Insurance Group is a provider of various insurance services and products. It offers construction insurance, surety bonds, small business insurance, lumber industry insurance, employee benefits. Eastern Insurance Group was founded in 1989 and is based in Natick, Massachusetts.


Deal Context for Buyer #
Overall 5 of 11
Sector: Insurance 5 of 11
Type: Add-on Acquisition 5 of 10
State: Massachusetts 5 of 11
Country: United States 5 of 11
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 BBS Employee Benefits

Newton, Massachusetts, United States

BBS Employee Benefits is a provider in the design, implementation and administration services for employee benefits programs. BBS Employee Benefits was founded in 2002 and is based in Newton, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Auburn Insurance Agency

Sudbury, Massachusetts, United States

Auburn Insurance Agency, Inc. specializes in complex commercial insurance coverage program placement and management. Auburn Insurance Agency was founded in 1982 and is based in Sudbury, Massachusetts.

Buy -