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.