The Hilb Group acquires Massachusetts-based employee benefits firm
The Hilb Group LLC, an Henrico County-based insurance agency, has acquired HR Knowledge in Mansfield, Mass.
The acquisition is Hilb’s 40th since its founding in 2009 and its tenth this year. Financial details on the HR Knowledge deal were not disclosed.
HR Knowledge provides employers with HR services including payroll, employee benefits, human resources management and benefits brokerage and administration.
Founded in 2001, HR Knowledge has been recognized on the Inc. 5000 list of America's Fastest Growing Private Companies for four years in a row.
HR Knowledge’s managing directors, Ken Bettenhauser and Jeff Garr, and their team will continue to operate out of their existing location.
HR Knowledge’s “unique business model in the employee benefits space and tremendous track record of growth will complement and help expand our benefits operation across our organization,” Ricky Spiro, CEO of The Hilb Group, said in a statement.
The Hilb Group is a top 50 middle-market insurance agency. It is a portfolio company of Boston-based private equity firm, Abry Partners.