The Hilb Group LLC (THG) has acquired Summit Insurance Services LLC (SIS), the insurance operations of Summit Financial Group Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019.
SIS is an insurance agency that primarily provides employee benefits to businesses and individuals throughout the Mid-Atlantic region of the U.S. SIS will continue to do business under its existing name and remain in its current offices in Leesburg, Virginia, and Moorefield, West Virginia, following the transaction.
THG is a middle market insurance agency headquartered in Richmond, Virginia, and is a portfolio company of Boston-based private equity firm, Abry Partners. It seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has 77 offices in 18 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions Virginia
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