The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019.
MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities.
As part of the acquisition, MFG will join THG’s operations based in Abingdon, Va., and continue to operate out of its current location in Johnson City, Tenn.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners. It seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 80 offices in 21 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
