The Hilb Group, LLC has acquired Summit Insurance Services, LLC (SIS), the insurance operations of Summit Financial Group, Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019.
Virginia-based SIS is an insurance agency that primarily provides employee benefits solutions to businesses and individuals throughout the Mid-Atlantic region. SIS will continue to do business under their existing name and remain in their current offices in Leesburg, Virginia and Moorefield, West Virginia.
Ricky Spiro, THG CEO, said the combined resources will allow the companies to expand product offerings and expertise available to all SIS customers.
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. The company now has 77 offices in 18 states.
Topics Mergers & Acquisitions Virginia
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