Duffy Insurance Agency, a family-owned, independent agency based in Lynn, Massachusetts, announced that it has acquired Jay Colangelo Insurance Agency of Chelmsford, Massachusetts. Terms of the transaction were not disclosed.
Jay Colangelo Insurance Agency was established in 1994. The agency’s principal James “Jay” Colangelo and his staff of four will remain working out of their Chelmsford location under the current agency name.
This latest deal marks the third acquisition that Duffy Insurance has completed in past three years: it acquired Connolly Insurance Agency of Peabody in 2015 and Mary Modugno Insurance agency of Lynn in 2013.
Founded in 1996, Duffy Insurance services personal and commercial insurance customers throughout Massachusetts. Based in Lynn, Duffy Insurance has 20 staff members and additional Massachusetts offices in Peabody, Gloucester and now in Chelmsford.
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