M&A Deal Summary

Eastern Insurance Group Acquires Burns Insurance

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2022-08-08
Target Burns Insurance
Sector Insurance
Buyer(s) Eastern Insurance Group
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 11 of 11
Sector: Insurance M&A 11 of 11
Type: Add-on Acquisition M&A Deals 10 of 10
State: Massachusetts M&A 11 of 11
Country: United States M&A 11 of 11
Year: 2022 M&A 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 -