What's Happening?
Davis & Towle Insurance Group, based in Concord, New Hampshire, has completed the acquisition of Tassey Group Insurance located in Berlin, New Hampshire. The acquisition includes the merger of Tassey Group with
Davis & Towle's affiliate, Marshall Insurance Agency. The merged entity will operate under the Marshall Insurance Agency name and relocate to Marshall's Berlin office. Glenn Tassey, the previous owner, will remain involved during the transition before retiring to focus on his financial planning business. Dodie Saucier, a customer service representative from Tassey Group, will join the Marshall Insurance team. Davis & Towle is a third-generation, family-owned independent insurance agency established in 1954, with 12 affiliated agencies across the state.
Why It's Important?
This acquisition signifies a strategic expansion for Davis & Towle Insurance Group, enhancing its presence in New Hampshire and potentially increasing its market share in the region. The merger could lead to improved service offerings and operational efficiencies, benefiting clients through a broader range of insurance products and expertise. For the local economy, such consolidations can lead to job stability and potential growth opportunities within the insurance sector. The transition of leadership and integration of staff from Tassey Group into Marshall Insurance Agency may also foster a seamless continuation of services for existing clients.
