Cabot Risk Strategies LLC, an insurance, employee benefits, and risk management solutions firm headquartered at 15 Cabot Road in Woburn, is proud to announce the acquisition of Triple L Insurance Agency in Billerica. Triple L has served the Billerica community for over 40 years.

 Cabot Risk Strategies President, Founder, and CEO Joe Callahan announced the purchase and said Triple L’s retail personal and commercial lines business will now operate under the Cabot Risk Strategies umbrella, with Triple L’s staff moving into Cabot’s Billerica office at 655 Boston Road, Suite 1A.

 “We are so pleased to welcome Triple L’s President Paul Brennan and his staff to Cabot Risk Strategies. They have done an outstanding job servicing the town of Billerica and surrounding communities for more than four decades,” said Callahan. “Like Cabot, Triple L is known for their outstanding personal service and value. They are a wonderful addition to our company and strengthen our growing personal and commercial lines offering.”

 Callahan founded Cabot Risk Strategies in 2006 and they have grown to over 100 employees and $18.8 million in revenue. In addition to their personal and commercial lines business, they also offer employee benefits services and risk management solutions, with a large claims department, medical case management staff, in-house legal counsel, and third-party administration services.