A New York private investment firm has taken a controlling interest in Virginia-based insurance broker, The Hilb Group.
BHMS Investments has completed a controlling equity investment in The Hilb Group, which was formed in 2009 by former senior executives of Hilb Rogal & Hobbs Co. (HRH), which was bought by broker Willis Group Holdings for $2.1 billion in 2008.
Hilb said its senior management team will continue to hold a significant ownership stake in the business.
Robert J. Hilb, CEO of Hilb, said the capital provided by BHMS will help the firm further execute on its plan to build a “leading middle market brokerage agency in the tradition of HRH.”
Management said it intends to build The Hilb Group through retail agency acquisitions.
Topics Mergers & Acquisitions Virginia
Was this article valuable?
Here are more articles you may enjoy.
Moody’s: US Faces $375B in Uninsured Flood Losses From 1-in-100-Year Event 
NC Jury Award for Workers Injured in Wall Collapse May be Largest in State History 
Texans Hate Data Centers So Much They Are Asking Jesus for Help 
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’ 
