The Hilb Group Acquires Delaware’s Pfister Insurance

The Hilb Group LLC (THG) has acquired Delaware-based Pfister Insurance Inc. The transaction became effective June 1, 2019.

Located in Dover, Pfister is a full-service property and casualty agency primarily providing business, auto and home insurance to clients in the Mid-Atlantic region. Pfister’s agency leaders, Mel Warren, Jim Watkins and Scott Foltz, will continue to lead the agency’s associates out of the current office location.

THG is a middle market insurance agency headquartered in Richmond, Va., 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 81 offices in 19 states.

Source: The Hilb Group

Topics Mergers & Acquisitions