The Hilb Group acquires Massachusetts-based BAR Insurance Brokerage
The Hilb Group LLC, a Henrico County-based middle-market insurance agency, has acquired Massachusetts–based BAR Insurance Brokerage Inc.
The deal was effective on June 1.
Located in Needham, Mass., BAR is an employee benefits firm providing a broad range of group benefits products and services.
As a part of the transaction, BAR will join Hilb’s New England operations.
The company now has 58 offices in 17 states. It seeks to grow through targeted acquisitions in the middle market insurance brokerage area.
Hilb is a portfolio company of Abry Partners, a Boston-based private equity firm.