The Hilb Group LLC (THG) has acquired New Jersey-based New Agency Partners (NAP). The transaction became effective October 1, 2019.
NAP is a full-service insurance brokerage in Parsippany, N.J., providing business insurance, employee benefits and personal insurance to clients throughout the tri-state region. The NAP team will continue to operate out of its current office location under the existing agency leadership of Andy Merkin, Bruce Wilson and Steve Peck.
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 is seeking to grow through targeted acquisitions in the middle market insurance brokerage space, and the company now has more than 85 offices in 21 states.
Source: The Hilb Group
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