By John Burton
FAIR HAVEN – A long operating independent insurance agency has continued growing with its acquisition of a Somerville agency.
Boynton and Boynton, which has its main offices at 21 Cedar Ave., recently acquired another independent agency, the Genova firm, located in Somerville.
It is the second acquisition and third expansion the firm has undertaken in the last two years.
The state’s Department of Banking and Insurance’s Division of Insurance has approved the acquisition, which will operate as the Genova Insurance Agency, according to Boynton and Boynton.
The Genova firm was established in 1967 by the father of Tom Genova, Anne Marie McDonough and Linda Casey, who now operate the location. The firm has specialized in personal insurance products, such as homeowners, auto, flood, as well as commercial and insurance coverage.
The joining of the two will allow Boynton to provide additional depth of services for the firm’s clients, according to Jay Lynch, Boynton’s president and chief executive officer.
“I am confident that the addition of the Boynton-Genova Agency will allow us to continue our growth in commercial and personal markets,” he said.
“We’re always looking for opportunities to expand our presence,” said David Boynton, operations manager.
“We always liked the Somerville area and, when this opportunity came up, we wanted to do everything we could to make it happen,” David Lynch said. “It just made sense for both firms.”
McDonough said she believed the two firms’ histories and efforts would complement each other. “I believe together we have a bright future,” she said.
“It helps us out on our end by being part of a bigger agency. We now have access to more markets,” McDonough said.
As for Boynton, she said, “They now have a presence in this county. So it’s a good thing all around.”
Boynton and Boynton has had a long history in the Two River area, beginning in 1930. The firm’s staff has grown to nearly 93 in its three locations with the recent acquisition.
Before this move, the company’s largest acquisition was a West Conshohocken, Pa. firm, located just outside Philadelphia, that specializes in medical malpractice, according to David Boynton.