Hilb Group acquires Wilmington, N.C.-based insurance agency
The Hilb Group LLC, a rapidly growing, middle-market insurance agency based in Henrico County, has acquired Wilmington, N.C.-based JWB Insurance Group.
Financial details on the acquisition were not disclosed.
JWB provides specialty services in employee benefits and commercial insurance, with expanded offerings in individual and personal lines. The company is in its 19th year of business.
JWB is Hilb’s seventh acquisition this year. It will continue operating under its current leadership.
The acquisition continues Hilb’s national expansion plan and is expected to strengthen its East Coast presence.
Hilb is a portfolio company of ABRY Partners, a Boston-based private-equity firm.
Hilb now has 35 offices in Florida, Georgia, Kentucky, Maryland, New York, North Carolina, Tennessee, Texas, Virginia and West Virginia