Kaplansky Insurance has acquired its third independent agency of 2021, John P. Riley Insurance. The purchase of the Dorchester, Massachusetts-based business marks Kaplansky’s 37th acquisition overall.
John P. Riley opened his insurance agency in 1938 while also working in the real estate business. His son, James H. Riley, began working in his father’s office in 1975. The agency was always a two-person operation, and James purchased the agency from his father on April 1, 1980.
On the same day, 41 years later, James sold his agency to Ely Kaplansky, joining forces with the New England agency. The combined agency now provides a broader selection of insurance companies.
Under the terms of the acquisition, the Dorchester location will be closing its doors, and a team member from John P. Riley Insurance will be relocating to Kaplansky’s Randolph office.
Founded in 1974 and headquartered in Needham, Massachusetts, with 16 locations throughout Massachusetts, Kaplansky Insurance is an independent insurance agency offering a suite of insurance solutions including auto, home, business and life insurance.
Source: Kaplansky Insurance
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