Hilb Group Acquires New York’s Malvaso Agency

The Hilb Group reports it has acquired the Mark E. Malvaso Agency, building upon the company’s presence throughout New York state. The transaction became effective January 1, 2022.

Based in Elbridge, New York, the Mark E. Malvaso Agency specializes in full personal, business and agriculture services.

Agency principal Mark Malvaso will join the Hilb Group’s Tri-State regional operations as a producer.

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. Hilb Group has completed more than 125 acquisitions and now has over 100 offices in 22 states.

Topics Mergers & Acquisitions New York