The Hilb Group Acquires New York’s BR Vital Brokerage

The Hilb Group LLC (THG) has acquired New York-based BR Vital Brokerage Inc. (BRV). The transaction became effective January 1, 2020.

Based in Brooklyn, N.Y., BRV is an independent brokerage primarily providing property and casualty insurance with a specialty in providing liability coverage to medical professionals.

Steven Bykovsky, owner of BRV, will continue to lead BRV’s associates out of its existing location in Brooklyn.

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 20 states.

Source: The Hilb Group LLC

Topics Mergers & Acquisitions Agencies New York