M&A Deal Summary

McGrath Insurance Group Acquires Prouty Insurance Agency

On July 2, 2010, McGrath Insurance Group acquired insurance company Prouty Insurance Agency

Acquisition Highlights
  • This is McGrath Insurance Group’s 1st transaction in the Insurance sector.
  • This is McGrath Insurance Group’s 1st transaction in the United States.
  • This is McGrath Insurance Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2010-07-02
Target Prouty Insurance Agency
Sector Insurance
Buyer(s) McGrath Insurance Group
Deal Type Add-on Acquisition

Target

Prouty Insurance Agency

Spencer,, Massachusetts, United States
Prouty Insurance, one of the oldest and most respected insurance agencies in southern Worcester County, sells all lines of personal insurance, including auto, homeowner’s and life insurance, in addition to commercial insurance.

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Buyer(S) 1

Buyer

McGrath Insurance Group

Sturbridge, Massachusetts, United States

Category Company
Founded 1927
Sector Insurance
DESCRIPTION

McGrath Insurance Group, Inc. is a full-service independent insurance agency, provides insurance, employee benefits, life insurance, home insurance, auto insurance, and specialty insurance needs.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1