Cross Insurance has expanded its reach in Maine with the acquisition of a nearby, rival agency.
Cross, which is one of New England’s largest insurance agencies, acquired Bangor-based Sargent, Tyler & West, according to a release from Cross.
For nearly 200 years, Sargent, Tyler & West provided insurance for homes, autos, boats, motorcycles, businesses, life and health. The acquisition involves the agency’s Bangor office and its Bucksport branch, Roland Grindle Insurance Agency.
“The Sargent, Tyler & West office in Bangor is a well-known and long-standing agency in the area,” said Alice Dyer, vice president of Cross Financial Corp., the parent company of Cross Insurance, in the release. “We have enjoyed a great competitive relationship over the years and know the agency very well. We plan to merge their accounts with our 491 Main St. office within the next several weeks. The Bucksport office will continue to be managed by Terry Grindle, and remain a separate branch office.”
Terms of the deal were not disclosed.
Cross now has 700 employees operating out of offices in Maine, New Hampshire, Rhode Island, Massachusetts, Connecticut and Florida.
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