The Hilb Group LLC announced today that it acquired JWB Insurance Group, an independent agency in Wilmington, North Carolina. The transaction became effective Aug. 1, 2015. The terms of the deal were not disclosed.
Established in 1995, JWB Insurance Group provides specialty services in employee benefits and commercial insurance, with expanded offerings in individual and personal lines.
JWB Insurance Group is The Hilb Group’s seventh acquisition in 2015 and will continue operating under its current leadership. The addition of JWB Insurance Group continues The Hilb Group’s national expansion plan and strengthens its East Coast presence, the announcement said. JWB Insurance has 22 employees including support staff, and all employees will stay on after the transaction.
The Hilb Group is a middle market insurance agency headquartered in Richmond, Virginia, and is a portfolio company of Boston-based private equity firm, ABRY Partners. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. It now has 35 offices in Florida, Georgia, Kentucky, Maryland, New York, North Carolina, Tennessee, Texas, Virginia, and West Virginia.
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