The Hilb Group LLC (THG) has acquired New York-based Avanti Associates Ltd., comprised of Associated Insurance Agency of Westchester Inc., Comprehensive Insurance Brokerage Inc. and Bruce Farnham Associates Ltd. The transaction became effective October 1, 2019.
Avanti is a full-service agency providing personal and commercial insurance as well as life, health, disability, employee benefits, pensions and estate planning. With locations in Armonk and Pelham, Avanti associates will continue to operate out of their offices under the management of Agency Leaders John D’Amato, Ann Marie Papa, Anthony Villani and Peter O’Brien.
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
Topics Mergers & Acquisitions New York
Was this article valuable?
Here are more articles you may enjoy.
NYC Halts Construction at 222 Broadway Office-to-Residence Tower 
As US Residential Solar Industry Craters, Florida Bucks Trend 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
CBIZ Brokerage to Be Spun Off, Backed by Private Equity, After $5B Grant Thornton Deal 
