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The Dowd Agencies returns to full family ownership
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Business News This Week
– The Dowd Agencies and Quincy Perpetuation Partners, a subsidiary of Quincy Mutual Fire Insurance Company, has announced the mutual decision to conclude the strategic partnership that was established in 2016.
In 2016, Quincy Perpetuation Partners acquired a minority ownership interest in The Dowd Agencies as part of a strategic alliance designed to support the continued growth and long-term success of the independent insurance agency.
As part of ongoing succession planning, both organizations agreed that now was the appropriate time for The Dowd Agencies to buy back QPP’s minority ownership interest.
“We’ve enjoyed a terrific relationship with Quincy Perpetuation Partners over the past decade and appreciate their partnership and support,” said John E. Dowd Jr., president and CEO of The Dowd Agencies.
The transition does not affect The Dowd Agencies’ operations, leadership team or commitment to serving its clients.