Hilb Group Announces Acquisition to Expand Market Reach
The Hilb Group recently made an impactful move that will strengthen its presence in the insurance industry. The company has successfully acquired a multi-line insurance agency based in Kentucky. This strategic acquisition, which took effect on July 1, extends the Hilb Group's offerings and services throughout the Midwest and Central regions, effectively adding Kentucky to its ever-growing portfolio.
About Hilb Group
Based in Richmond, Virginia, the Hilb Group is a notable property and casualty and employee benefits insurance brokerage and advisory firm. Being a portfolio company of The Carlyle Group, a global investment firm, Hilb Group is dedicated to growing its operations through strategic acquisitions and effectively utilizing its resources and expertise to foster organic growth within its acquired agencies.
Impressive Growth and Accomplishments
The Hilb Group has had a remarkable track record, with over 190 acquisitions completed, resulting in more than 125 offices across 32 states. This growth has not gone unnoticed, as Hilb Group has earned accolades such as being one of the Fastest Growing Brokers by Business Insurance, a Top Property/Casualty Agency by Insurance Journal, and being recognized as one of America's Fastest Growing Private Companies in the Inc. 5000 list.
Strategic Vision and Future Plans
The Hilb Group is continually focused on enhancing its services and expanding its market presence. With the acquisition of the Kentucky-based agency, the company not only enhances its operational capabilities but also opens up numerous avenues for innovation and improvement in service delivery. This forward-thinking strategy aims to better serve the needs of clients within Kentucky and beyond.
Commitment to Quality Service
Hilb Group prides itself on delivering high-quality service tailored to the unique needs of its clients. By leveraging the expertise and experience from its previous acquisitions, the company remains committed to providing comprehensive insurance solutions that meet the changing needs of the market. Their continued success in the industry is a testament to their dedication to excellence.
Media and M&A Contacts
For any media inquiries, please reach out to Peter Lobred at 804.548.4629. Additionally, for matters related to mergers and acquisitions, Ryan Havermann is available at 804.414.6508. The Hilb Group encourages interested parties to connect for more information or inquiries about their services.
Frequently Asked Questions
What is the recent acquisition by Hilb Group?
The Hilb Group has acquired a multi-line insurance agency based in Kentucky, expanding its service offerings.
How many states does Hilb Group operate in?
Hilb Group operates in more than 32 states with over 125 offices, showcasing its expansive market presence.
What industries does Hilb Group serve?
Hilb Group provides services in property and casualty insurance as well as employee benefits insurance.
Who can media inquiries be directed to?
Media inquiries should be directed to Peter Lobred at 804.548.4629 for more information.
What sets Hilb Group apart from its competitors?
The company’s commitment to strategic growth through acquisitions and exceptional customer service distinguishes it from others in the industry.
