The Hilb Group acquired Clark & Lavey Benefits Solutions Inc., increasing its New England presence and bolstering its range of employee benefits offerings nationwide. The transaction became effective November 1, 2021.
Based in Merrimack, New Hampshire, Clark & Lavey Benefits Solutions brings a team of licensed advisors dedicated to meeting client needs through employee benefits products and services. Agency Principal Paul Clark and his team of insurance professionals will join the Hilb Group’s New England regional operations.
The acquisition includes InCap, Clark & Lavey’s medical captive solution. InCap provides an alternative to traditional health insurance plans that offers additional control and helps to lower costs and reduce risks, as well as annual profit distributions to member companies.
The Hilb Group 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. The company has completed more than 120 acquisitions and now has more than 100 offices in 22 states.
Source: The Hilb Group
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