The Hilb Group LLC (THG) has acquired Massachusetts-based LifePlus Insurance Agency Inc. (LPINS). The transaction became effective March 1, 2020.
Established in 2004, LPINS is a full-service ancillary benefits agency, primarily providing insurance for group life, worksite, dental and workers’ compensation to municipalities in Massachusetts.
Following the acquisition, LPINS’ associates will continue to operate out of their existing office in Marshfield, Mass., under the direction of LPINS Agency Leader Peter A. Cook Jr.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of global investment firm, The Carlyle Group. THG is seeking 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
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