Eastern Insurance Acquires Michals Agency in Massachusetts

Natick, Massachusetts-based Eastern Insurance Group reports it has acquired the operating assets of Michals Insurance Agency, an insurance agency about 16 miles away in Watertown.

Terms were not disclosed. The transaction marks the 35th acquisition of an independent insurance agency by Eastern Insurance since 2002.

Since 1993, Michals Insurance has served both individuals and businesses and has developed a specialty focused on the national fine arts sector.

Bradly Michals, president of Michals Insurance, said he and his family will be joining the Eastern Insurance family.