The Hilb Group acquires Md.-based insurance company
Henrico County company makes 12th acquisition in 12 months
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1.
Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year.
Founded in 1989, ISI is a full-service employee benefits agency specializing in health, dental, life and disability benefits.
As part of the acquisition, part of ISI’s leadership team, including Brian Goff, Pam Nickerson, Jennifer Shipp and their associates, will join THG’s mid-Atlantic operations. They will continue to work out of their existing Annapolis location.
“We are excited to bring our expertise in employee benefits to THG,” Goff said in a statement. “We are looking forward to being part of THG and the opportunities to further serve our clients with the insurance solutions we provide.”
Since 2015, THG has acquired more than 60 companies, with its most recent announcement in late September that it had bought Shelton, Connecticut-based Ganim Group Inc. (Ganim Benefits) from investment advisory company Ganim Financial Inc. THG was founded in 2009 and has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group since late 2019. Across its 90 offices in 21 states, the company employs more than 900 people.