M&A Deal Summary

Hilb Group Acquires Burns & Eustice Insurance Agency

On October 23, 2018, Hilb Group acquired insurance company Burns & Eustice Insurance Agency

Acquisition Highlights
  • This is Hilb Group’s 43rd transaction in the Insurance sector.
  • This is Hilb Group’s 44th transaction in the United States.
  • This is Hilb Group’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2018-10-23
Target Burns & Eustice Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Burns & Eustice Insurance Agency

Cheboygan, Michigan, United States
Burns & Eustice Insurance Agency, Inc. is recognized as one of the finest insurance agencies in Northern Michigan. Agents and staff are an experienced, multidisciplinary team of professionals working together to provide superior insurance solutions for our clients. From Commercial Insurance products to Home, Auto, Life or Health, our team will work with you to develop a comprehensive insurance portfolio to meet your ever changing needs.

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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 44 of 126
Sector (Insurance) 43 of 118
Type (Add-on Acquisition) 39 of 115
State (Michigan) 2 of 5
Country (United States) 44 of 126
Year (2018) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-16 DBR Group

Framingham, Massachusetts, United States

DBR Group, Inc. is an employee benefit and actuarial consulting firm providing a full range of benefits consulting and brokerage services to organizations of all sizes, including corporations, non-profits, Taft-Hartley funds, and public sector employers. DBR will continue to operate out of their Framingham, MA location under the direction of the founding leadership: Paul Desrosiers, Chris Bean and Jim Roche.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Huckaby & Associates

Columbia, South Carolina, United States

Huckaby & Associates, Inc. provides a full range of property and casualty insurance solutions to businesses and individuals throughout South Carolina, North Carolina, and Georgia. Huckaby specializes in commercial business insurance, automobile insurance, and homeowners’ insurance coverage.

Buy -
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