The Hilb Group reports that it acquired New York-based Abatelli Insurance Agency on Sept. 1, further expanding its presence in the tri-state area.
Based in Whitestone, New York, Abatelli Insurance Agency is a third-generation family-run business that has served the Queens borough, Long Island area, and beyond for more than 100 years. The agency offers personal and commercial lines products from more than 15 carriers.
Siblings Eileen Black, Phillip Abatelli III, James Abatelli, and their team of insurance professionals will join Hilb Group’s regional operations.
Earlier this year, Hilb Group acquired E.B. Cohen Insurance and Risk Management, which has offices in both Roseland, New Jersey, and New York, New York. It also acquired the Mark E. Malvaso Agency in Elbridge, New York.
The Hilb Group, headquartered in Richmond, Virginia, is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group seeks to grow through strategic acquisitions and has completed more than 140 acquisitions with over 100 offices in 22 states. Hilb Group is a Top P/C Agency by Insurance Journal.
Topics Mergers & Acquisitions New York
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