Kaplansky Insurance Acquires Bridge Insurance
This marks the 39th agency acquisition for the agency
Kaplansky Insurance, one of the largest independent locally-owned agencies in the Northeast, is growing again. The company announced that it has acquired Bridge Insurance in Newton, MA.
“Our agency is proud of our history as an independent agency company and remains committed to the agency channel,” said Ely Kaplansky, President and CEO in the company’s official announcement. “Our success is rooted in providing products and services to our agency partners and policyholders, thereby gaining and holding their respect and loyalty. This acquisition is an exciting opportunity to strengthen our position within the independent agency channel while positioning us for future prosperity.”
Bridge Insurance Associates aka Massinsurers has provided Business, Auto, and Home Insurance for over 40 years. Gerald Baratz founded Bridge Insurance in the mid-1960 ′s. Over the last 40+ years, the agency has grown to become one of the most personal oriented independent insurance agencies in New England.
Kaplansky Insurance will not be retaining Bridge’s existing location in Newton, Massachusetts, but instead will merge the business into its Needham headquarters. With the addition of Bridge Insurance, Kaplansky Insurance has successfully acquired 40 independent insurance agencies during its four decades in business.
Kaplansky Insurance’s most recent acquisitions
With the addition of the of Bridge Insurance, Kaplansky Insurance now has welcomed 39 independent insurance agencies into its growing family of insurance agencies. The following is a recap of some of the agency’s most recent acquisitions in the past few years covered by Agency Checklists:
More about About Kaplansky Insurance
Kaplansky Insurance is a rapidly growing locally owned business looking to acquire quality independent agencies in Massachusetts and surrounding states. We currently operate 17 locations in Massachusetts and Rhode Island. Our “Five Star” and “Best Practices” awards are testimonials to the relationships that we enjoy with our clients, our employees, and insurance company partners. We are highly motivated, well-funded, and have sufficient resources for attractive acquisitions. We have the means and desire to offer you a substantial premium above what other agencies will offer. This is a tremendous opportunity for principals who are looking for either an exit strategy or an expansion opportunity. We have made numerous acquisitions and are extremely sensitive to any concerns you may have regarding the well-being of your clients and your staff. We appreciate the opportunity to discuss your perpetuation plans.
If you are an agency owner looking to sell your agency or just thinking about your exit strategy down the road, we welcome the opportunity to discuss your plans. Please visit www.kaplansky.com to learn more.
For those interested in learning more about Mr. Kaplansky and how he got his start, please refer to our 2012 Agency Interview with him entitled, “An Inspirational Interview with Ely Kaplansky, President of Kaplansky Insurance.”
