The Hilb Group acquires Mich.-based agency
Henrico County insurance company buys Owen Moore Insurance Agency
In its second acquisition announcement of the new year, Henrico County-based insurance company The Hilb Group LLC said Tuesday it has acquired Linwood, Michigan-based Owen Moore Insurance Agency, effective Dec. 31, 2020.
Financial details of the acquisition were not disclosed.
Founded in 1973, Owen Moore Insurance Agency (OMA) is a full-service property and casualty agency. It provides personal and commercial insurance products to individuals and businesses. Under the acquisition, OMA President Randal “Randy” Moore and his team will join THG’s Midwest operations.
“We are pleased to be a part of THG’s vision and focus,” Moore said in a statement. “THG’s innovative solutions for our clients will be an added benefit to our mission and culture.”
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. THG has acquired more than 100 companies.
“We are excited to welcome Dwayne and his team to THG,” THG CEO Ricky Spiro said in a statement. “We are confident they will strengthen our employee benefits practice and presence in the region.”