Smith Brothers Advances Massachusetts Growth with Rawson & Sons Acquisition
Smith Brothers Insurance, headquartered in Glastonbury, Connecticut, has purchased Rawson & Sons Insurance Group (“Rawson & Sons”), located at 195 Lake Street, Worcester. This new agency location will become Smith Brothers’ fourth location in Massachusetts, complementing its existing offices in Milford, Northampton, and Oxford.
Rawson & Sons began operations in 2017
Richard “Rich” Rawson started in insurance at Liberty Mutual as a sales representative. After entering into the agency side of the business, he decided to strike out on his own. On St. Patrick’s Day in March 2017, he formed Rawson & Sons. From its beginning, the firm prided itself on a reputation for a customer-centric attitude, as well as its efforts to streamline the insurance process and save clients’ money.
Rawson & Sons was established with a focus on serving the mortgage and real estate brokerage communities. With this focus, Rawson & Sons claimed that by late 2021, they had already helped 2,500 first-time homebuyers to place their first homeowner’s insurance policies.
All the Agency’s staff will join Smith Brothers
Smith Brothers is committed to preserving Rawson & Sons’ dedication to customer service and company growth by onboarding the entire Rawson & Sons team. Therefore, existing Rawson & Sons clients will continue to receive the same high standard of service despite the change in ownership.
Joseph Smith, president and chief executive officer of Smith Brothers, stated about the acquisition, “Rawson & Sons allows us to continue our development in Massachusetts and gives Rawson & Sons’ clients access to additional carriers, coverages, and risk management services.”
Rich Rawson, who will join Smith Brothers, stated about Smith Brothers, “Their focus on extraordinary client service, continued development, and being a great place to work is exciting to our staff and matches with our goal to being the best we can be for our customers, partners, and community.”
About Smith Brothers
Smith Brothers Insurance, founded in 1971 by brothers Bob and Brian Smith, has remained a one-stop shop for asset protection, adding new services like surety and bonding, financial services, and employee benefits to satisfy customer demands over the years. The Agency has its home office in Glastonbury, Connecticut, and maintains other offices in Connecticut, Massachusetts, New Jersey, and New York.
The acquisition of Rawson & Sons enables the firm to increase its footprint and services in the Massachusetts region.
The financial terms of the transaction were not revealed.
