FBinsure Acquires Newbury Insurance Agency in Massachusetts

FBinsure, an independent insurance agency based in Taunton, Massachusetts, announced that it has acquired Henry L. Newbury Insurance Agency, an independent agency in North Attleboro, Massachusetts. Terms of the transaction were not disclosed.

FBinsure said Henry L. Newbury Insurance Agency’s co-owner and president, Jim Newbury, and his brother and agency co-owner John Newbury will maintain their roles within the agency throughout the process to ensure a smooth transition to the FBinsure brand for the agency’s 1,400 clients. They will be taking their leave and retire from the agency after the full transition process has been completed, though there is not a defined timeline, according to FBinsure.

Long time employees of Henry L. Newbury Insurance Agency, Lynne Engel-Homes, Pam Folan, Barbara Stanford, and Linda Kozlowski, will retain their active roles with FBinsure’s growing team. Changes to the agency will be minor, mainly aimed at updating technology and providing greater access to new companies, according to the announcement.

FBinsure also recently acquired Gramlich Insurance Agency in New Bedford, Massachusetts.

FBinsure is an independent agency, in partnership with Bristol County Savings Bank based in Taunton, Massachusetts, that provides personal and commercial insurance services. FBinsure has 85 employees and a client base of over 20,000 personal and commercial clients. It now has eight locations throughout Bristol and Plymouth Counties in Massachusetts, including offices in Taunton, Attleboro, Middleboro, Dighton, Rehoboth, East Freetown, New Bedford and North Attleboro.

Topics Mergers & Acquisitions Massachusetts