M&A Deal Summary

Starkweather & Shepley Insurance Brokerage Acquires McGrath Insurance Group

On January 19, 2017, Starkweather & Shepley Insurance Brokerage acquired insurance company McGrath Insurance Group

Acquisition Highlights
  • This is Starkweather & Shepley Insurance Brokerage’s 2nd transaction in the Insurance sector.
  • This is Starkweather & Shepley Insurance Brokerage’s 2nd transaction in the United States.
  • This is Starkweather & Shepley Insurance Brokerage’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2017-01-19
Target McGrath Insurance Group
Sector Insurance
Buyer(s) Starkweather & Shepley Insurance Brokerage
Deal Type Add-on Acquisition

Target

McGrath Insurance Group

Sturbridge, Massachusetts, United States
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.

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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 2 of 6
Sector: Insurance M&A 2 of 5
Type: Add-on Acquisition M&A Deals 2 of 6
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 6
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Universal Insurance Agency

Smithfield, Rhode Island, United States

Universal Insurance Agency, Inc. is a provider of personal and commercial insurance to a wide range of classes such as environmental, manufacturing, commercial real estate and development, construction and construction management and high-tech firms.

Buy -
FOLLOWING 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 -