Hilb Group acquires Virginia-based employee benefits agency

The Hilb Group said that it has acquired an undisclosed employee benefits agency based in Virginia for an undisclosed price.

The deal became effective on 1 April 2022, said the property and casualty and employee benefits insurance brokerage.

According to Hilb Group, the acquisition has expanded its market footprint in the Mid-Atlantic region.

A portfolio company of global investment firm Carlyle Group, the insurance brokerage has so far executed over 130 acquisitions and has more than 100 offices across 22 states in the US.