The Hilb Group LLC (THG) has acquired Pennsylvania-based Greenwald Berk Agency LLC (GBA). The transaction became effective July 1, 2019.
GBA offers a full spectrum of business insurance, personal insurance and life/health products and services. This acquisition will establish THG’s first location in Pennsylvania.
Bob Greenwald, agency leader, will continue to lead GBA’s associates out of the Kingston location following the transaction.
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 more than 80 offices in 20 states.
Source: The Hilb Group LLC
Was this article valuable?
Here are more articles you may enjoy.