The Hilb Group LLC (THG) has acquired Southern Maryland Insurance Inc. (SMI). The transaction became effective July 1, 2018.
Located in Bowie, Md., SMI is primarily a property/casualty insurance agency offering coverages to businesses throughout the Mid-Atlantic area. Following the transaction, SMI Managing Director Ken Wyvill and his associates will join THG’s Mid-Atlantic operations led by Rick Tepel.
The Hilb Group is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners. The Hilb Group is seeking to grow through targeted acquisitions in the middle market insurance brokerage space and now has 59 offices in 17 states, according to a company press release.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions Virginia
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