Henrico-based The Hilb Group announces four acquisitions
Fast-growing insurance company now has 100+ offices in 22 states
Henrico County-based insurance company The Hilb Group LLC (THG) announced a series of acquisitions in the last three weeks, bringing its total offices to more than 100 in 22 states.
The company has been focused on acquisitions in recent years. Founded in 2009, THG has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group since late 2019.
Recently announced transactions include:
- STAR Insurance, based in Indiana. The acquisition became effective March 1.
- A book of business of quick-serve restaurants clients, effective Jan. 1, 2021. The clients represent more than 100 locations in New Jersey and New York, and will fall into THG’s Alternative Solutions Insurance Company program.
- McCartha, Cobb & Associates Inc., based in South Carolina, effective April 1. The agency specializes in contract and commercial surety bonds to the construction industry.
- Clarus Benefits Group LLC, an employee benefits and human resources consulting firm based in Texas, effective April 1.