January 25, 2013
Cross Insurance acquires Lewiston firm
Bangor-based Cross Insurance, a subsidiary of Cross Financial Corp., has acquired the Lewiston bond specialty agency Skillings Shaw and Associates for an undisclosed price.
SSA will continue to operate as an independent subsidiary of Cross Financial, according to a Cross press release, and Cross will take in all of SSA's current employees.
Royce Cross, CEO of Cross Insurance, said in the release that the acquisition is key to the company's expansion of its surety bond business line. The acquisition is the latest for Cross, which announced a Boston expansion earlier this month and has acquired over 100 companies in the past 50 years.
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