The Hilb Group Acquires Rhode Island’s Compass Planners

The Hilb Group LLC (THG) has acquired Rhode Island-based Compass Planners (CP). The transaction became effective on February 1, 2021.

CP is based in West Greenwich, Rhode Island and is a specialized Medicare Advantage business led by Jim Soucy. Soucy and his three colleagues will be joining the offices in Cranston, Rhode Island.

Soucy will lead the Medicare Practice for all Hilb offices and will run THG Indianapolis-based Medicare wholesale operation. He is tasked to grow the retail and wholesale offering to bring additional value to THG client relationships.

THG is a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. It is a portfolio company of The Carlyle Group, a global investment firm. THG has completed more than 100 acquisitions and now has more than 100 offices in 20 states.

Source: The Hilb Group

Topics Mergers & Acquisitions