Cross Insurance acquisition expands its Massachusetts footprint
Courtesy / Cross Insurance
Jonathan Cross, chief operating officer of Cross Insurance.
Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, continues to grow its presence in Massachusetts with the purchase of the A.E. Barnes Insurance Agency of South Weymouth.
Financial terms of the acquisition were not disclosed.
Under terms of the acquisition, A. E. Barnes Insurance Agency becomes a wholly owned subsidiary of Cross Financial Corp. and will continue to operate under the same name. Former owners Preston Hoffman and Geoffrey Hoffman will continue to manage the South Weymouth office and will continue to serve as president and vice president, respectively. The agency’s staff also will continue serving existing and new customers.
“Our acquisition of A. E. Barnes Insurance expands our footprint in Massachusetts and particularly on Boston’s South Shore,” said Jonathan Cross, chief operating officer of Cross Insurance. “They’re a company that epitomizes quality customer service, integrity, hard work, loyalty, and dedication so important to us. We’re proud to welcome A. E. Barnes’ clientele and employees to the Cross family of insurance agencies.”
Cross Insurance owns and operates 14 additional agencies in Massachusetts, including offices in Duxbury, Braintree, Norwell, and Quincy; two offices in Boston; three on the North Shore; two in Metrowest; and three in Western Massachusetts.
Since its founding in 1915 by Albert E. Barnes, the A. E. Barnes Insurance Agency has been a landmark in South Weymouth’s Columbian Square.
“Through our partnership with Cross Insurance, we can continue that tradition and expand our product line exponentially, bringing our customer service to a whole new level, bringing the strength and resources of a large enterprise with the feel of a small, local business,” said Preston Hoffman, president of A. E. Barnes.
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