Hilb Group acquires New York agency
The Hilb Group LLC, an Henrico County-based insurance broker, continued its expansion with the acquisition of Avanti Associates Ltd. in New York state.
With locations in Armonk and Pelham, New York, Avanti includes Associated Insurance Agency of Westchester Inc., Comprehensive Insurance Brokerage Inc. and Bruce Farnham Associates Ltd. The deal became effective Oct. 1.
Avanti is a full-service agency providing personal and commercial insurance as well as life, health, disability, employee benefits, pensions and estate planning.
The agency will continue to be led by John D’Amato, Ann Marie Papa, Anthony Villani and Peter O’Brien.
The Hilb Group now has more than 85 offices in 21 states. The middle-market insurance broker is a portfolio company of the Boston-based private equity firm Abry Partners.