Eastern Insurance Group Acquires Auburn Insurance Agency

World Insurance Associates Acquires American Insurance Agency

September 28, 2026

Financial Services

World Insurance Associates acquired the business of American Insurance Agency in Hingham, Massachusetts, effective June 1, 2026. Financial terms were not disclosed. The acquisition is intended to expand World’s presence in the greater Boston area.

IMA Financial Group Acquires EBS Insurance Brokers

December 19, 2023

Insurance

Denver-based IMA Financial Group has acquired EBS Insurance Brokers, a Newton, Massachusetts–based employee benefits brokerage. The deal expands IMA's presence in Massachusetts and strengthens its employee benefits capabilities for employer clients across New England.

Arthur J. Gallagher & Co. Acquires Eastern Insurance Group

September 19, 2023

Insurance

Arthur J. Gallagher & Co. signed a definitive agreement to acquire Natick, Massachusetts-based Eastern Insurance Group, LLC (a subsidiary of Eastern Bank) for $510 million (net of seller-funded expenses). The acquisition, expected to close in late 2023 and now completed, expands Gallagher’s commercial property/casualty, personal lines and employee benefits capabilities across the Northeast U.S.; Eastern Insurance reported pro forma trailing-12-month revenues of approximately $104 million and EBITDAC of $37 million.

Eastern Insurance Group Acquires Operating Assets of John T. Burns Insurance Agency

August 1, 2022

Insurance

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, has acquired the operating assets of the John T. Burns Insurance Agency, Inc., an independent, family‑owned insurance agency based in Newtonville, Massachusetts. The asset acquisition (effective August 1, 2022) expands Eastern Insurance's footprint and client base as part of its ongoing strategy of acquiring independent agencies.

Relation Insurance Services Acquires SouthEast Agency LLC Assets

July 14, 2021

Insurance

Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Connecticut-based SouthEast Agency LLC. The acquisition — terms undisclosed — adds SouthEast’s P&C expertise (contractors, commercial transportation, hospitality and real estate) to Relation’s East Region, with Jay Lorinsky remaining in a leadership role.

Eagle American Insurance Acquires Commonwealth Insurance of the Bay Area

January 28, 2015

Insurance

Eagle American Insurance (EAI), supported by Insurance Office of America (IOA) and Dowling Capital Partners (DCP), has acquired Commonwealth Insurance of the Bay Area, a family-owned personal-lines insurance agency founded by Jason Butts in 2002. Commonwealth will continue to operate under its existing brand and staff while gaining access to EAI/IOA carrier relationships and national resources as part of EAI’s succession and expansion strategy.