The Hilb Group acquires Ohio company
The Henrico insurance company will retain the company's owner, a medical malpractice insurance specialist.
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Cleveland, Ohio-based Healthcare Liability Consultants Agency Inc., effective March 1. THG also hired the Healthcare Liability Consultants owner owner and medical malpractice insurance specialist Julie Paton as a producer.
Financial terms of the acquisition were not disclosed.
Founded in 2009, THG has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group since late 2019. THG has more than 90 offices in 21 states, employing more than 900 people.
THG has acquired more than 60 companies since 2015. Since July 2019, THG has acquired insurance companies including New York-based BR Vital Brokerage Inc., Pennsylvania-based Greenwald Berk Agency LLC, Massachusetts-based The Incentive Group LLC, New York-based Avanti Associated Ltd., Massachusetts-based Gould & Naimoli Partners LLC, North Carolina-based Employee Benefit Advisors of the Carolinas LLC and Rhode Island-based Wickford Insurance Agency Inc.