Newest M&A deal efficient October
The Hilb Group has snapped up a property & casualty insurance coverage enterprise in Alabama for an undisclosed sum.
With out naming the acquired agency or offering additional particulars, Hilb Group stated: “The acquisition took impact October 1, 2024, and provides to the corporate’s rising presence within the area.”
The newest deal comes on the heels of a earlier transaction that includes a Rhode Island-based Medicare e book of enterprise, which will likely be serviced by way of the insurance coverage brokerage’s broader Medicare nationwide follow.
Additionally just lately, Hilb Group bought a worksite enrollment enterprise in Colorado to spice up its presence within the Midwest, with the state a brand new addition to the group’s portfolio.
Final month, the corporate additionally introduced its swoop for a New England-based property & casualty e book of enterprise.
All acquired events within the abovementioned offers weren’t named.
A portfolio firm of The Carlyle Group, Hilb Group is headquartered in Richmond, Virginia. It has accomplished greater than 180 acquisitions with over 125 workplaces in 30 states.
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