Latest Acquisition Is Kaplansky Insurance’s Third Since The Start of 2023
In a move to strengthen its prominent market position in Massachusetts, Kaplansky Insurance, has announced its 42nd agency acquisition in Massachusetts with the addition of the Burton Foster agency of Wellesley.
Established in 1994, Burton Foster has gained recognition for its exceptional insurance services, catering to the needs of its clients. By merging with Kaplansky Insurance, Burton Foster’s valued clientele gains access to an extended range of insurance products and services. With the added resources and expertise of a larger agency, customers can now expect an even higher level of support and tailored solutions to meet their unique insurance needs.
Solidifying Its Market Position
The acquisition of Burton Foster represents another milestone in Kaplansky Insurance’s impressive growth journey. Having successfully completed numerous acquisitions in the past, Kaplansky Insurance has established itself as a key player in the insurance market. With this strategic acquisition, Kaplansky Insurance continues to grow its geographic footprint throughout the Commonwealth reinforcing the agency’s continued commitment to growth and solidifying its position as a trusted insurance provider in the industry.
The acquisition also marks the third for the Needham-based agency since the start of 2023, with the addition of Newton’s Bridge Insurance in February, followed by Seekonk’s Crosstown Insurance in May.
A Listing of Kaplansky Insurance’s Most Recent Acquisitions
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.
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.”
