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Hilb Group acquires Massachusetts insurance agency

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The Hilb Group LLC, a Henrico County-based insurance brokerage group, has acquired a Massachusetts agency.

The Sept. 1 deal involves The Incentive Group LLC, which is based in Waltham, Massachusetts and provides employee benefits consulting and insurance services.

Hilb Group said The Incentive Group will continue to operate out of its Waltham office under the management of co-founders Paul Beggan and Tim Nugent.

The Hilb Group has more than over 85 offices in 21 states. It is a portfolio company of Abry Partners, a Boston-based private equity firm.

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