Cross Insurance buys 2 Massachusetts agencies, continuing historic growth by acquisition
Bangor-based Cross Insurance on Thursday said it has acquired two Newburyport, Mass.-based insurance agencies as the subsidiary of Cross Financial Corp. expands its coastal Massachusetts presence.
Cross Insurance purchased Harold Humphrey Insurance Agency Inc. and its sister agency, Byfield Insurance Agency Inc., both specializing in personal and small business coverage.
The Maine company also opened a Newburyport, Mass., branch office located at Port Plaza Shopping Center, East Shops, 45 Story Ave.
Humphrey and Byfield will both operate under the name Cross Insurance-Newburyport with Dave Messersmith, president of Cross Insurance-Coastal Region serving as the regional president for Cross Insurance’s Newburyport office.
“We are thrilled to welcome Humphrey & Byfield Agency to the Cross Insurance family of agencies,” said Jonathan Cross, president of Cross Insurance. “With the acquisition and Cross’s new Newburyport branch office, we look forward to better serve the needs of our existing New England coastal clients while also opening the doors wide open for new ones as well.”
Since its founding in 1954, Cross Insurance has grown extensively through the acquisition of more than 120 insurance agencies throughout the Northeast. The company began as a small, family-owned and -operated insurance agency and has grown into one of the largest insurance providers in New England, New York and Florida, with more than 50 offices, serving 100,000 customers throughout the northeast region. The company now has over 1,000 employees.
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