Add-on Acquisition • Insurance

Eastern Insurance Group Acquires Burns Insurance

On August 8, 2022, Eastern Insurance Group acquired insurance company Burns Insurance

Acquisition Context
  • This is Eastern Insurance Group’s 11th transaction in the Insurance sector.
  • This is Eastern Insurance Group’s 11th transaction in the United States.
  • This is Eastern Insurance Group’s 11th transaction in Massachusetts.

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M&A Deal Summary

Date August 8, 2022
Target Burns Insurance
Sector Insurance
Buyer(s) Eastern Insurance Group
Deal Type Add-on Acquisition

Target Company

Burns Insurance

Newtonville, Massachusetts, United States
Burns Insurance is a full-service insurance agency. Burns Insurance was founded in 1892 and is based in Newtonville, 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 11 of 11
Sector: Insurance 11 of 11
Type: Add-on Acquisition 10 of 10
State: Massachusetts 11 of 11
Country: United States 11 of 11
Year: 2022 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Michals Insurance - Operating Assets

Watertown, Massachusetts, United States

Michals Insurance's Operating Assets provides a full range of insurance services.

Buy -