Fastest Growing Companies | $25M-$75M | 4th place
CEO (or equivalent): Lawrence E. Keefe
2017 Revenue: $55,000,00
2015 Revenue: $45,238,000
Revenue growth: 21.6%
East Providence-based Starkweather & Shepley Insurance Brokerage Inc. has been focused on acquisitions and expansion. Last year it acquired a 22-person insurance agency in central Massachusetts and opened a new office in Tampa, Fla.
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Strengthening its 19 practice areas is another strategic focus for the 139-year-old firm, said Director of Corporate Communications and Media Stefan Petrella.
“In 2015 we looked at our book of business and where we saw our biggest percentages. Construction was one … along with human services, nonprofits. … We want to be defined as leaders in those groups” and across specialties, he said.
Figuring out how to add value for clients and give them what they need to help their business grow has involved corporate events such as seminars on workplace safety, for example, and legal-advice panels on the claims process.
Expanding geographically and in the ways it serves clients is paired with an existing strong corporate base, said Petrella. Employees benefit from profit-sharing – with clients ultimately benefiting from the strong company culture.
“Everyone has a sense of pride and ownership,” he said.
