National broker The Hilb Group reported it has acquired Rhode Island-based OceanPoint Insurance, building upon its presence in the New England region.
OceanPoint is based in Middletown, and has additional offices in Barrington, Coventry and Tiverton. The independent agency has been serving the southeastern New England community for more than 150 years. The agency provides commercial and personal property/casualty products, as well as employee benefits.
Agency principal Doug Mayhew and his team of insurance professionals will join the Hilb Group’s New England regional operations.
The transaction became effective December 1, 2022.
The Hilb Group is headquartered in Richmond, Virginia and is is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group has completed more than 145 acquisitions with over 100 offices in 23 states.
Topics Mergers & Acquisitions
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