Eastern Insurance Group, a subsidiary of Eastern Bank, said it has acquired Westover Insurance Agency Inc., a small agency in Lynnfield.
Terms of the acquisition were not disclosed. Since 2004, Eastern Insurance Group has made 16 acquisitions. For Eastern Insurance, the acquisition of Westover increases its customer base north of Boston, where it already has four locations.
Westover Insurance customers will now be served by Eastern Insurance’s office in Wakefield, which is located five miles from Westover’s office in Lynnfield. The Westover Insurance name will go away.
“We are excited to welcome Westover Insurance and its customers to the Eastern Insurance family,” Hope Aldrich, president and chief executive of Eastern Insurance, said in a statement. “For more than 40 years, Westover Insurance has built an excellent reputation for superior customer service and products, making it a perfect cultural fit to our organization.”