FBinsure Acquires Massachusetts’ Jose S. Castelo Insurance Agency

FBinsure has acquired the Jose S. Castelo Insurance Agency, an independent agency located in New Bedford, Dartmouth, and Fall River, Mass.

Established in 1981 by current President Jose S. Castelo, the agency provides personal and business insurance to nearly 5,000 clients while also offering real estate and mortgage services. Going forward, Castelo will maintain a role within the agency throughout the process to ensure a smooth transition to FBinsure.

Following the acquisition, Castelo and his family will continue to own and operate ERA, The Castelo Group Real Estate and Castle Mortgage Brokerage Inc.

This serves as the fourth acquisition for FBinsure in the past four years. FBinsure acquired Gramlich Insurance Agency of New Bedford in late 2014, the Henry L. Newbury Insurance Agency of North Attleboro in early 2015 and Hardy & Ponte Insurance Agency of New Bedford in early 2016. It now has eleven total locations throughout Bristol and Plymouth Counties, including its offices in Taunton, Attleboro, Middleboro, Dighton, Rehoboth, East Freetown and New Bedford.

Source: FBinsure