The Hilb Group LLC (THG) has acquired CIA Financial Group Inc. (CIA), a Michigan-based independent insurance agency. The transaction became effective on July 1.
Founded in 1975, CIA delivers insurance and risk management solutions to a diverse set of customers throughout Michigan.
As a part of the transaction, Sam Crudo, CIA agency leader, and his associates will join THG’s Midwest operations and continue to work out of their existing location in Shelby Township.
THG is a middle market insurance agency headquartered in Richmond, Virginia, and is a portfolio company of global investment firm, The Carlyle Group. The company now has over 90 offices in 20 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions Michigan
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