New England insurance agency acquires Boston firm

Cross Insurance, an insurance agency subsidiary of Cross Financial Corp. based in Bangor, Maine, has acquired Boston-based Knapp Schenck & Co.

Terms of the deal were not disclosed.

Knapp Schenck is a regional property and casualty retail insurance agency that provides insurance services focused on commercial and residential real estate ownership, management and development, construction, manufacturing, distributors and wholesalers, nonprofit organizations, municipalities and private schools, Cross Insurance said Monday in a statement.

Knapp Schenck will keep its name and continue to operate with the same professional staff and leadership, according to the statement.

“We look forward to combining forces and expanding our service offerings in Boston and the South Shore,” Royce Cross, CEO of Cross Insurance, said in the statement.