M&A Deal Summary

The Hilb Group Acquires Clark-Mortenson Agency

On April 12, 2016, The Hilb Group acquired insurance company Clark-Mortenson Agency

Acquisition Highlights
  • This is The Hilb Group’s 23rd transaction in the Insurance sector.
  • This is The Hilb Group’s 24th transaction in the United States.
  • This is The Hilb Group’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2016-04-12
Target Clark-Mortenson Agency
Sector Insurance
Buyer(s) The Hilb Group
Deal Type Add-on Acquisition

Target

Clark-Mortenson Agency

Keene, New Hampshire, United States
website
Clark-Mortenson Insurance is one of the largest independently owned insurance and financial services agencies in Northern New England. Company concentration of clients are based in New Hampshire and Vermont. Company business insurance specialties include: commercial property, general liability, workers' compensation, Benefits Plus worksite benefit program, bonds, group and employee benefits. Company personal insurance specialties include: home, auto, umbrella, individual health, life and long-term care.

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Buyer(S) 1

Buyer

The Hilb Group

Richmond, Virginia, United States

website

Category Company
Founded 2009
Sector Insurance
Employees900
DESCRIPTION

The Hilb Group is a middle-market insurance agency. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The Hilb Group was founded in 2009 and is based in Richmond, Virginia.

DEAL STATS #
Overall 24 of 126
Sector (Insurance) 23 of 118
Type (Add-on Acquisition) 23 of 115
State (New Hampshire) 1 of 2
Country (United States) 24 of 126
Year (2016) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 P.A. Post Agency

Mahwah, New Jersey, United States

P.A. Post Agency LLC is a provider of high-caliber insurance products for all transportation classes, including school and charter buses, ambulances, limos and taxis.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Carrier Insurance Agency

Fern Park, Florida, United States

Carrier Insurance Agency, Inc. is a provider of insurance services in Florida.

Buy -
Mergr

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