M&A Deal Summary

Starkweather & Shepley Insurance Brokerage Acquires Paolino Insurance

On August 2, 2021, Starkweather & Shepley Insurance Brokerage acquired insurance company Paolino Insurance

Acquisition Highlights
  • This is Starkweather & Shepley Insurance Brokerage’s 4th transaction in the Insurance sector.
  • This is Starkweather & Shepley Insurance Brokerage’s 4th transaction in the United States.
  • This is Starkweather & Shepley Insurance Brokerage’s 3rd transaction in Rhode Island.

M&A Deal Summary
Date 2021-08-02
Target Paolino Insurance
Sector Insurance
Buyer(s) Starkweather & Shepley Insurance Brokerage
Deal Type Add-on Acquisition

Target

Paolino Insurance

Providence, Rhode Island, United States
Paolino Insurance is a prominent agency that has been serving commercial and personal lines clients for over 70 years throughout New England. Paolino Insurance was founded in 1950 and is based in Providence, Rhode Island.

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Buyer(S) 1

Buyer

Starkweather & Shepley Insurance Brokerage

East Providence, Rhode Island, United States
Category Company
Founded 1879
Sector Insurance
DESCRIPTION

Starkweather & Shepley Insurance Brokerage, Inc. is an insurance brokerage firm. Starkweather & Shepley provides commercial insurance, personal insurance, health and employee benefits, surety bonding and risk management service.

DEAL STATS #
Overall 4 of 6
Sector (Insurance) 4 of 5
Type (Add-on Acquisition) 4 of 6
State (Rhode Island) 3 of 3
Country (United States) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Newport Insurance

Middletown, Rhode Island, United States

Newport Insurance is an independent agency serving commercial and personal lines clients throughout southern New England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Benefit Horizons

Glastonbury, Connecticut, United States

Benefit Horizons is a provider of employee and group benefits for many valued clients and their employees. Benefit Horizons was founded in 1995 and is based in Glastonbury, Connecticut.

Buy -
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