Hilb Group acquires Rhode Island insurance agency
The Hilb Group LLC, a Richmond-based middle-market insurance agency, has acquired Keough Kirby Associates of Woonsocket, R.I. The transaction became effective April 1.
Financial details on the acquisition were not disclosed.
Keough Kirby has been providing property and casualty, life and employee benefits services since 1914.
It will join The Hilb Group's regional operations in New England while continuing to operate out of its Woonsocket office.
The Hilb Group is a portfolio company of Boston-based private equity firm ABRY Partners.
The company ranked sixth on the recently released Fantastic 50 list of fast-growing privately owned Virginia companies.
Its growth rate from 2012 through 2015 was 818.9 percent.