Starkweather & Shepley Insurance Acquires McGrath Insurance Group
EAST PROVIDENCE, RI – Starkweather & Shepley Insurance Brokerage Inc. has acquired the independent insurance agency of McGrath Insurance Group operating in Sturbridge and Spencer, Massachusetts. Originally founded by Albert McGrath in 1927, Richard A. McGrath, CEO and President (and Albert’s grandson) joined the firm in 1977 and grew this community-focused agency to 22 associates.
Richard stated “the goals for McGrath’s acquisition with Starkweather & Shepley are to leverage the resources S&S has in such a way as to further improve service and insurance design for each insured as well to further expand our collective footprint in Central and Western Massachusetts.” The McGrath team believes, by aligning with Starkweather, they will be able further develop their areas of specialization, opening many new doors to the organization. Going forward, the firm will operate as the McGrath Insurance Agency, a division of Starkweather & Shepley.
McGrath merging with Starkweather & Shepley Insurance Brokerage Inc. further expands the agency’s commitment to Massachusetts and Sturbridge, where S&S already has a local office. “As one of the largest privately-held independent agencies in the U.S., we are always looking for opportunities to expand our services,” states Larry Keefe, Chairman & CEO of Starkweather & Shepley. “The firm has been in business for over 138 years and we take great pride in our reputation for providing quality insurance products and excellent customer service. We are very excited to have McGrath Insurance join the Massachusetts operation,” adds Keefe.