The Hilb Group LLC (THG) has acquired Massachusetts-based The Incentive Group LLC (IG). The transaction became effective September 1, 2019.
IG is a full-service employee benefits consulting and brokerage firm providing solutions for a variety of industries and sizes. Located in Waltham, Mass., IG will continue to operate out of its office under the management of co-founders Paul Beggan and Tim Nugent.
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 85 offices in 21 states.
Source: The Hilb Group
Was this article valuable?
Here are more articles you may enjoy.
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer 
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company 
