C&S buys Kevin R Slattery Insurance Agency
C&S has bought the Kevin R Slattery Insurance Agency.
The Cavallo & Signoriello (C&S) Insurance Agency might have used merger and acquisition consultants during the purchase of the Kevin R Slattery Insurance Agency of Attleboro for an undisclosed sum of money.
Recently, the firm merged with Colonial Insurance of Mansfield.
According to Providence Business News, Kevin R Slattery had five remaining employees, two of whom will stay on following the deal.
A further two will leave and one has retired.
This purchase should boost the client base of C&S from 13,000 to 15,000 and its headquarters will be at 117 South Avenue, Attleboro.
Principal at the firm Keith Signoriello said the firm is excited to welcome its new colleagues to the "C&S family".
"Kevin and his team have enjoyed a strong reputation in our industry and we look forward to joining forces and increasing our share in the market," he added.
The representative noted merging and acquiring other insurance companies is a good strategy for growth and expressed his plans for continued expansion.
Posted by David Gleck
Source: Press reports, March 7th