The Hilb Group announced today that it has acquired Connecticut-based Gerardi Insurance Services, Inc., increasing its New England footprint. The transaction became effective October 1, 2021. Based in Putnam, Connecticut, Gerardi Insurance is dedicated to offering a full suite of Property & Casualty and Employee Benefits products and services for clients throughout the region. Agency… Continue reading Hilb Group Acquires Gerardi Insurance Services, Inc., Deepens New England Presence
Tag: Hilb Group
The Hilb Group Announces Definitive Agreement to Be Acquired by The Carlyle Group
The Hilb Group, LLC (“Hilb”), a leading national insurance broker, announced today that it has signed a definitive agreement with global investment firm The Carlyle Group for investment funds affiliated with Carlyle to acquire a majority interest of Hilb. Hilb’s existing management team and employee shareholders are expected to remain significant shareholders. Hilb is currently… Continue reading The Hilb Group Announces Definitive Agreement to Be Acquired by The Carlyle Group
Buyout Firm Abry Partners Selling Insurance Broker Hilb Group: Sources
Private equity house Abry Partners is working with an investment bank to sell its majority stake in Hilb Group, in a deal that is expected to value the insurance broker at more than $1 billion including debt, sources familiar with the matter said earlier this week. Abry Partners bought into Hilb in 2015, taking on… Continue reading Buyout Firm Abry Partners Selling Insurance Broker Hilb Group: Sources
The Hilb Group, LLC Acquires 360 Corporate Benefit Advisors
The Hilb Group, LLC (“THG”) announced today the acquisition of New England-based 360 Corporate Benefit Advisors (“360CBA”). The transaction became effective May 1, 2019. With offices in Fairfield, CT and Wayland, MA, 360CBA is an employee benefits consulting firm providing insurance brokerage, administration and advisory services to businesses primarily in the Northeast. All of 360CBA’s… Continue reading The Hilb Group, LLC Acquires 360 Corporate Benefit Advisors
Three Hilb Executives Die in Honduras Plane Crash
Three executives of Hilb Group LLC died in a plane crash near Roatán, Honduras on Saturday, May 18. New England regional leader Rob Miller, Tri-State regional leader Brad Post and Mid-Atlantic regional leader Rick Tepel were traveling together on a personal fishing trip to Honduras, according to the report, citing a Hilb Group spokesperson. Miller… Continue reading Three Hilb Executives Die in Honduras Plane Crash
The Hilb Group, LLC Acquires Summit Insurance Services, LLC
The Hilb Group, LLC (“THG”) announced today the acquisition of Summit Insurance Services, LLC (“SIS”), the insurance operations of Summit Financial Group, Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. Virginia-based SIS is an insurance agency that primarily provides employee benefits solutions to businesses and individuals throughout the Mid-Atlantic region. SIS… Continue reading The Hilb Group, LLC Acquires Summit Insurance Services, LLC