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Local Insurance Agencies Merge, Break Ground
Press Release
Thursday, July 26, 2007 @ 3:03 pm

Two long tine Geneva Insurance Agencies are merging their operations. Chacchia & Parrott, Inc. and Henry-Shepard-Smith, Inc. announced their merger and ground breaking for their new offices last week.

Ground breaking for new offices at 62 Reed Street took place today. The project expected to double the size of the existing building and will house the merged operations. Construction by Massa Construction is expected to be completed by November 1st of this year.

This is nothing new to either agency as they have each acquired or combined operations in an effort to bring the best of the insurance market to the community. Both have long histories dating back to the turn of the last century, and the new agency will be the largest in Geneva with a staff of five agents and eight support staff.

Henry-Shepard-Smith was formed in 1965, the result of a merger between The Shepard Agency and the D. Max Henry Agency. Current president, Bruce Teague, started with the agency in January l973, and Vice-President, Ed Boudreau, joined the company in 1998. Starting in 1977 and over the next several years, Henry-Shepard-Smith acquired the Edward Sabine Agency, the Thos. Sweeney & Sons Agency and the W.E. Rogers Agency.

Chacchia & Parrott was formed in 1994 when the former D. Chacchia & Son Agency

And Fink & Parrott-Rapalee Agency merged. Current president, Dan Chacchia said his grandfather started his agency in 1924, and current CEO, John Parrott, said that his father joined the Fink Agency upon his return from World War II. Agent, John Hovey, joined the company in 1981.

The new partnership is positioned to meet the current and future insurance needs of the Finger Lakes community. In addition to the Geneva location at 62 Reed Street, a branch office is planned for Main Street in Waterloo in the near future.

Groundbreaking
Pictured from left to right:
Ed Boudreau, of Henry-Shepard Smith, Inc.
Dan Chacchia, of Chacchia & Parrott, Inc.
John Hovey, of Chacchia & Parrott, Inc.
John Parrott, Jr., of Chacchia & Parrott, Inc.
Bruce Teague, of Henry-Shepard Smith, Inc.
John Gushue, project manager with Massa Construction
Randy Buckley, project manager with Massa Construction
Nick Massa, president of Massa Construction
Photo by Lauren Long, Staff Photographer, Finger Lakes Times





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