Smith Brothers Insurance, LLC — which was Southern Tier offices in Vestal, Owego, and Waverly — has acquired Oxford Insurance Agency, an independent insurance agency in Oxford, Massachusetts. The deal became effective Nov. 1, per a company news release, which disclose any financial terms. Smith Brothers is headquartered in Glastonbury, Connecticut. The acquisition expands Smith […]
Smith Brothers Insurance, LLC — which was Southern Tier offices in Vestal, Owego, and Waverly — has acquired Oxford Insurance Agency, an independent insurance agency in Oxford, Massachusetts.
The deal became effective Nov. 1, per a company news release, which disclose any financial terms.
Smith Brothers is headquartered in Glastonbury, Connecticut.
The acquisition expands Smith Brothers Insurance footprint in Massachusetts and allows Oxford Insurance to maintain its local presence, while leveraging the resources of Smith Brothers Insurance, the companies say.
Brian Ravenelle, who was CEO of Oxford Insurance, will become a partner of Smith Brothers Insurance and work on client service and business development.
All 17 Oxford Insurance employees will be joining Smith Brothers, a firm spokesperson tells CNYBJ.
With the acquisition, Smith Brothers Insurance adds to an employee count of more than 200 in locations across Connecticut, New York, Massachusetts, and New Jersey.
“Oxford Insurance brings us expanded presence in Massachusetts and allows personal and commercial clients of Oxford Insurance to gain access to additional carriers, coverages, and risk management services. Those who own or operate a business will benefit from additional value-added services such as human resources, employee wellbeing, safety, compliance, and financial services,” Joe Smith, president and CEO of Smith Brothers Insurance, said in the release. “Both agencies have strong ties to serve our clients and give back to the communities where we live and work.”
“As I have come to know Joe and members of the Smith Brothers team, it is clear we share the same values,” Ravenelle said. “Their commitment to exceptional client service, continued growth, and being a great place to work is so exciting to our team and aligns with our commitment to be the best we can be for our clients, partners, and the community.”
