The Hilb Group LLC (THG) has acquired Virginia-based Kerr-Boswell Inc. (KB). The transaction became effective December 1, 2019.
For more than 60 years, KB has provided employee benefits, property and casualty, life, health and financial services to businesses and individuals throughout the Tri-Cities and Mid-Atlantic region. KB associates will continue to operate out of its existing Bristol, Va., location under the management of THG’s Abingdon, Va., operations following the acquisition.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of global investment firm, The Carlyle Group. THG seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 90 offices in 21 states.
Source: The Hilb Group
Topics Mergers & Acquisitions Virginia
Was this article valuable?
Here are more articles you may enjoy.
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
World’s Growing Civil Unrest Has an Insurance Sting 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Experian Launches Insurance Marketplace App on ChatGPT 
