Bangor, Maine-based Cross Insurance has acquired Merchant, Needham & Associates Insurance, an independent insurance agency based in Northeast Harbor, Maine. Terms of the transaction were not disclosed.
Originally founded in the late 1890s, Merchant, Needham & Associates provides business, home, and vehicle insurance offerings for customers throughout Hancock, Washington, Penobscot and Knox counties in Maine. The agency will operate as a member of Cross Insurance but will retain both its name and nine-member workforce.
The deal marks the fifth acquisition this year for Cross Insurance, one of the largest independent insurance providers in New England.
Was this article valuable?
Here are more articles you may enjoy.