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
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