EAST PROVIDENCE – Starkweather & Shepley Insurance Brokerage Inc. has acquired the Bristol, Conn.-based Fradette/Carlson Insurance Agency and expanded its coverage area into Connecticut, the firm announced Monday.
The Connecticut agency will keep its current name, but will act as a division of Starkweather & Shepley. Greg Fradette Sr. and Michael Carlson will lead the firm as president and vice president, respectively.
The entire staff of the Fradette/Carlson Agency will remain in Bristol. “The added resources that Starkweather & Shepley brings to our agency will further strengthen our service capabilities,” Fradette said in a release announcing the acquisition.
“This is a great opportunity for us to expand our insurance products and services into a new marketplace,” Nat Calamis, president and CEO of Starkweather & Shepley, said in prepared remarks. “Part of our growth strategy has always included expanding into [Connecticut], but have never really found the right fit.”
“The Fradette/Carlson Agency, its reputation for solid insurance services and its location in Bristol accomplishes everything we were looking for. … We are very excited,” added Calamis.
Headquartered in East Providence, the firm also has offices in Warwick, Westerly, Martha’s Vineyard and Westwood, Mass.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.