M&A Deal Summary

Hilb Group Acquires Allegacy Benefit Solutions

On October 25, 2022, Hilb Group acquired insurance company Allegacy Benefit Solutions

Acquisition Highlights
  • This is Hilb Group’s 111th transaction in the Insurance sector.
  • This is Hilb Group’s 118th transaction in the United States.
  • This is Hilb Group’s 8th transaction in North Carolina.

M&A Deal Summary
Date 2022-10-25
Target Allegacy Benefit Solutions
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Allegacy Benefit Solutions

Winston-Salem, North Carolina, United States
Allegacy Benefit Solutions designs robust, custom employee benefits programs and is committed to meeting client needs by building packages that help attract and retain top talent, promote engagement and reduce absenteeism, and maintain a healthier and more financially secure workforce. Allegacy Benefit Solutions is based in Winston-Salem, North Carolina.

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Buyer(S) 1

Buyer

Hilb Group

Richmond, Virginia, United States
Category Company
Founded 2009
Sector Insurance
Employees900
DESCRIPTION

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

DEAL STATS #
Overall 118 of 126
Sector (Insurance) 111 of 118
Type (Add-on Acquisition) 107 of 115
State (North Carolina) 8 of 8
Country (United States) 118 of 126
Year (2022) 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Abatelli Insurance

Whitestone, New York, United States

Abatelli Insurance provides auto insurance, homeowner insurance, and commercial insurance needs of residents and business owners. Abatelli Insurance was founded in 1904 and is based in Whitestone, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Sharpline Insurance

King of Prussia, Pennsylvania, United States

Sharpline Insurance provides a full range of insurance services, based in King of Prussia, Pennsylvania.

Buy -
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