Eastern Insurance Group LLC, a Natick, Massachusetts-based independent agency, announced that it has acquired BBS Employee Benefits in Newton, Massachusetts. Terms of the transaction were not disclosed.
Founded in 2002, BBS Employee Benefits provides design, implementation and administration services for employee benefits programs.
Eastern Insurance said the acquisition increases its customer base in the Newton and Greater Boston area.
“Boston is at the center of the many markets that we now serve, so this was an attractive opportunity to partner with a successful agency with an excellent reputation in the financial community and group benefits space,” said Hope A. Aldrich, president and CEO of Eastern Insurance.
Eastern Insurance is a subsidiary of Boston-based Eastern Bank, the largest independent, mutually owned bank in New England. Eastern Insurance serves more than 70,000 individuals and businesses and provides personal and commercial insurance products, surety, and employee benefits services.
Topics Mergers & Acquisitions Massachusetts Employee Benefits
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