The Hilb Group LLC (THG) has acquired Maryland-based Parallel Risk Advisors LLC. (PRA). The transaction became effective on January 1, 2021.
PRA is a commercial lines property/casualty consulting and advisory firm specializing in the commercial real estate industry. As part of the transaction, the Principals Debbie Dorsch, Jessica Gray and Eileen Hartzell and their associates will join THG’s Mid-Atlantic region.
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 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 100 acquisitions and now has more than 100 offices in 20 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions Maryland
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