Hilb Group Expands with Strategic Acquisition in Benefits Sector
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Hilb Group Expands with Strategic Acquisition
The Hilb Group has recently announced a significant acquisition that enhances its operations in the employee benefits market. The company acquired a book of voluntary employee benefits based in South Carolina, enhancing its footprint in the Southeast region of the United States. This strategic move is part of Hilb Group's ongoing effort to grow through targeted acquisitions.
Details of the Acquisition
This acquisition took effect at the beginning of the month, showcasing Hilb Group's commitment to expanding its service offerings. The addition of this voluntary benefits business aligns with Hilb Group’s strategy to leverage resources and expertise within its acquired agencies, ultimately to provide enhanced services to its clients.
About Hilb Group
Founded and headquartered in Richmond, Virginia, the Hilb Group is a leading brokerage firm specializing in property, casualty, and employee benefits insurance. Being part of The Carlyle Group portfolio, a notable global investment firm, Hilb Group has been on a growth trajectory, having completed over 175 acquisitions and operating more than 125 offices across 29 states.
Achievements and Recognition
Hilb Group has earned accolades over the years, being recognized as one of the Fastest Growing Brokers by Business Insurance and a Top Property & Casualty Agency by the Insurance Journal. Furthermore, it has ranked among America’s Fastest Growing Private Companies in the prestigious Inc. 5000 list. These honors underscore the company's successful approach to business growth and development.
Future Outlook
The strategic acquisition of the voluntary benefits business is expected to bolster Hilb Group's array of offerings, further solidifying its position in the competitive insurance market. As they continue to grow, the company remains focused on creating valuable partnerships and expanding its service lines to meet the evolving needs of its clients.
Media and Contact Information
For additional information about this acquisition or to learn more about career opportunities within the Hilb Group, interested parties are encouraged to reach out to:
Media Contact:
Peter Lobred
804.548.4629
Email: [email protected]
M&A Contact:
Ryan Havermann
804.414.6508
Email: [email protected]
Frequently Asked Questions
What is the Hilb Group?
The Hilb Group is a leading property and casualty and employee benefits insurance brokerage and advisory firm based in Richmond, Virginia.
What business did Hilb Group acquire?
Hilb Group acquired a book of voluntary employee benefits based in South Carolina, expanding its offerings in the Southeast region.
How many acquisitions has Hilb Group completed?
Hilb Group has completed more than 175 acquisitions and operates over 125 offices in 29 states.
What are Hilb Group's areas of expertise?
Hilb Group specializes in property, casualty, and employee benefits insurance, focusing on providing advisory services in these areas.
How does Hilb Group plan to grow?
The company aims to grow through strategic acquisitions and leveraging its resources and expertise to drive organic growth in its agencies.
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