The Hilb Group LLC (THG) has acquired Massachusetts-based Handy-Apple Valley LLC (HAV). The transaction became effective July 1, 2019.
Located in Worcester, Mass., HAV provides personal and commercial insurance. As a part of the transaction, HAV will join THG’s New England operations in its existing Worcester, Mass., 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. THG 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
Was this article valuable?
Here are more articles you may enjoy.
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
The Future of the Agency in a World of AI 
Viewpoint: Insurance and AI – A Double-Edged Sword 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
