Chestnut Hill Insurance Group, an independent property/casualty insurance agency in Chepachet, Rhode Island, announced that it has acquired Rotatori Insurance, an independent P/C agency also based in Chepachet. Terms of the transaction were not disclosed.
Chestnut Hill Chief Executive Officer Greg Agnone said the deal is designed to expand markets and aid in the execution of the firm’s roll-up strategy.
Agnone also said Chestnut Hill is looking to expand its current geographic footprint through future merger and acquisition activity in Massachusetts, Rhode Island, and Connecticut. Chestnut Hill was launched in 2013 by Agnone after leadership positions at The Hartford, Travelers, AIG, and Providence Washington spanning nearly three decades.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Wall Street Banks Try Out Anthropic’s Mythos 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
