The Hilb Group LLC (THG) has acquired North Carolina-based Employee Benefit Advisors of the Carolinas LLC (EBA). The transaction became effective November 1, 2019.
Located in Charlotte, N.C., EBA is a full-service employee benefits agency for small to mid-market businesses in the Southeast region. EBA’s team has expertise in group health and dental, life and disability, as well as other employer sponsored benefits.
As a part of the transaction, EBA will join THG’s Southeast operations and EBA Principal Suzy Johnson will work alongside THG’s team to grow the region’s benefits division.
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 90 offices in 21 states.
Source: The Hilb Group
Topics Mergers & Acquisitions North Carolina Employee Benefits
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