The Hilb Group announces 101st acquisition
Henrico County company acquires Hiram Cohen & Son Inc.
Marking its 101st acquisition to date, Henrico County-based insurance company The Hilb Group LLC (THC) announced Tuesday it has acquired Williston Park, New York-based insurance agency Hiram Cohen & Son Inc. (HCS), effective Dec. 1.
Financial details of the acquisition were not disclosed.
A family company founded in 1919, HCS is still operated by founder Hiram Cohen’s descendants. The property and casualty agency specializes in high net worth personal lines, real estate, law firms, financial institutions, family offices, retailers and importers.
“Our long-term client relationships are our top priority,” HCS Principal Ronald Cohen said in a statement. “By joining THG, our clients will receive the same degree of customer service that they have come to expect, plus the additional capabilities, expertise and resources available through a larger organization like THG.”
THG was founded in 2009 and has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group since late 2019. Across its 90 offices in 21 states, the company employs more than 900 people. Since 2015, THG has acquired more than 100 companies.
Principals Ronald Cohen and Darren Cohen along with their associates will continue to operate their New York office as part of the THG’s tri-state operations.
“Throughout the process we got to know many of the people at THG and was impressed with the dedication, knowledge and kindness,” Darren Cohen said in a statement. “Partnering with THG will set us on the right path for the next 100 years.”