Hilb Group Expands with Strategic Acquisition
The Hilb Group has recently made a noteworthy acquisition that strengthens its presence in the employee benefits sector. The company has acquired a portfolio of voluntary employee benefits located in South Carolina, which enhances its reach in the Southeastern United States. This strategic decision is part of Hilb Group's ongoing initiative to expand through targeted acquisitions.
Details of the Acquisition
This acquisition took effect at the start of the month, demonstrating Hilb Group's dedication to broadening its service offerings. The integration of this voluntary benefits business is in line with Hilb Group’s strategy to utilize the resources and expertise of its acquired agencies, ultimately aiming to provide improved services to its clients.
About Hilb Group
Founded and headquartered in Richmond, Virginia, the Hilb Group stands out as a prominent brokerage firm specializing in property, casualty, and employee benefits insurance. As part of The Carlyle Group portfolio, a well-known global investment firm, Hilb Group has been on a growth path, having completed over 175 acquisitions and operating more than 125 offices across 29 states.
Achievements and Recognition
Over the years, Hilb Group has received numerous accolades, being recognized as one of the Fastest Growing Brokers by Business Insurance and a Top Property & Casualty Agency by the Insurance Journal. Additionally, it has been listed among America’s Fastest Growing Private Companies in the esteemed Inc. 5000 list. These recognitions highlight the company's effective approach to business growth and development.
Future Outlook
The strategic acquisition of the voluntary benefits business is anticipated to enhance Hilb Group's range of offerings, further solidifying its standing in the competitive insurance landscape. As the company continues to expand, it remains committed to forming valuable partnerships and broadening its service lines to address the changing needs of its clients.
Media and Contact Information
If you would like more information about this acquisition or wish to explore career opportunities with the Hilb Group, please 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 prominent brokerage and advisory firm specializing in property, casualty, and employee benefits insurance, based in Richmond, Virginia.
What business did Hilb Group acquire?
Hilb Group acquired a portfolio of voluntary employee benefits located in South Carolina, which expands its offerings in the Southeastern region.
How many acquisitions has Hilb Group completed?
Hilb Group has successfully completed over 175 acquisitions and operates more than 125 offices across 29 states.
What are Hilb Group's areas of expertise?
Hilb Group specializes in property, casualty, and employee benefits insurance, with a strong focus on providing advisory services in these fields.
How does Hilb Group plan to grow?
The company plans to grow by pursuing strategic acquisitions and leveraging its resources and expertise to foster organic growth within its agencies.
