Eastern Insurance acquires John T. Burns Insurance Agency in Massachusetts
Eastern Insurance Group, a fully-owned subsidiary of Boston-based Eastern Bank, has acquired the operating assets of the John T. Burns Insurance Agency, an insurance agency based in Newtonville, Massachusetts.
John T. Burns Insurance Agency has been family owned and operated since 1892.
Steven Oakes — John T. Burns Insurance Agency President said: “We are proud of what we have built in our community offering our customers the best service and welcoming them as part of our family.
“Now, with more choices to extend to our personal and commercial customers, and with the breadth and historic strength of Eastern Insurance, we will be better equipped to serve those customers in the future.”
The financial terms of the deal were not disclosed.
John T. Burns Insurance Agency is the 36th acquisition by Eastern Insurance Group of an independent insurance agency since 2002 and its second in 2022.
Tim Lodge — Eastern Insurance Group President and CEO said: “Burns Insurance has been known for their strong customer relationships for over a hundred years. Steve Oakes and Ed Timmerman have worked closely with many long-standing customers who we look forward to welcoming to Eastern Insurance Group.”