Eastern Insurance Acquires Burns Agency in Massachusetts

Eastern Insurance Group announced it has acquired the John T. Burns Insurance Agency in Newton, Massachusetts.

Family-owned since 1892, Burns Insurance offers personal auto and home insurance from carriers including Arbella, Safety, Plymouth Rock, Hanover, Quincy Mutual and Vermont Mutual. It also offers business and professional lines coverages and life insurance.

Steven Oakes is president and Ed Timmerman is sales manager.

Eastern Insurance Group, headquartered in Natick, Massachusetts, is a subsidiary of Eastern Bank and is licensed to do business in every state, The transaction marks the 36th acquisition of an independent insurance agency by Eastern Insurance since 2002 and its second this year. In March, Eastern acquired Michals Insurance Agency in Watertown.

Topics Mergers & Acquisitions Massachusetts