Tracked deals
3
3 tracked deals across 2020-2023.
Operating Company
Financial Services
EIG Risk
Miami, Florida, United States
Formerly known as Eastern Bank, Eastern Bank (Eastern Bankshares, Inc.), Eastern Insurance
EIG Risk (formerly Eastern Insurance Group) is an insurance consultancy/agency platform that helps clients manage risk and reduce total cost of insurance, with services such as captive management.
- Focus Areas
- Insurance, Insurance Consultancy, Risk Management
- Website
- eigrisk.com
Recent pace
0
0 tracked deals announced in the last 12 months.
Deal mix
Buyout
2 buyout · 1 growth capital
EIG Risk Acquisition Volume by Year
Last 3 years
Supporting Data
Recent Transactions
-
February 3, 2023
- Buyer
- North Haven Capital, Eastern Bank
- Target
- Morgan Records Management LLC
- Industry
- Professional Services
- Location
- New Hampshire, United States
- Type
- Growth capital
North Haven Capital has made an investment in Morgan Records Management LLC, teaming up with Eastern Bank to provide financing and support. The capital will be used to accelerate MRM's growth—scaling its medical and document records scanning, storage and shredding capabilities and expanding its regional and national market presence.
-
- Buyer
- Eastern Insurance Group LLC, Eastern Bank
- Target
- John T. Burns Insurance Agency, Inc.
- Seller
- John T. Burns Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Buyout
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.
-
October 1, 2020
- Buyer
- Eastern Insurance Group LLC, Eastern Bank (Eastern Bankshares, Inc.)
- Target
- Auburn Insurance Agency, Inc.
- Seller
- Auburn Insurance Agency, Inc., Janice Ryan
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Buyout
Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, acquired the assets of Auburn Insurance Agency, Inc., a family-owned Massachusetts insurance agency founded by Janice Ryan. The asset purchase, effective October 1, 2020, expands Eastern Insurance's specialty capabilities in program business and complements its existing property & casualty and niche insurance practices.
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