The Hilb Group LLC (THG) has acquired Rhode Island-based Aloisio Insurance Associates Inc. (AIA).
AIA, a full-service insurance agency, primarily provides property and casualty insurance to individuals and businesses in the Rhode Island area. Located in North Providence, R.I., AIA and its associates will join THG’s regional operations in New England following the acquisition.
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. It aims to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has 67 offices in 17 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions
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