The Hilb Group LLC (THG) has acquired a select book of business of quick-serve restaurant clients with more than 100 locations in New Jersey and New York.
These clients will participate in THG’s Alternative Solutions Insurance Company (ASIC) program, which provides captive insurance solutions for quick-serve and fast-casual restaurants. The transaction became effective on January 1, 2021.
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 growth 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
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