The Hilb Group LLC (THG) has acquired New Jersey-based William H. Connolly & Co. LLC (WHC). The transaction became effective on December 1, 2020.
Founded in 1950 by William H. Connolly Sr., WHC is currently owned and run by his son, William H. Connolly Jr. WHC operates as an insurance and risk management brokerage, providing primarily property/casualty insurance products to a variety of businesses, healthcare organizations, educational institutions, professional firms, not-for-profit and social service agencies, individuals and families.
As a part of the transaction, William H. Connolly Jr. and his associates will join THG’s tri-state operations, will be doing business as William H. Connolly & Co. and will continue to work out of their existing location in Montclair, N.J.
THG is a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Va. It is a portfolio company of The Carlyle Group, a global investment firm.
THG seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 90 acquisitions and now has more than 100 offices in 20 states.
Source: The Hilb Group
Topics Mergers & Acquisitions New Jersey
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