M&A Deal Summary

Hilb Group Acquires Charles Allen & Associates - Group Benefits Division

On April 18, 2017, Hilb Group acquired insurance company Charles Allen & Associates - Group Benefits Division from Charles Allen & Associates

Acquisition Highlights
  • This is Hilb Group’s 31st transaction in the Insurance sector.
  • This is Hilb Group’s 32nd transaction in the United States.
  • This is Hilb Group’s 5th transaction in North Carolina.

M&A Deal Summary

Date 2017-04-18
Target Charles Allen & Associates - Group Benefits Division
Sector Insurance
Buyer(s) Hilb Group
Sellers(s) Charles Allen & Associates
Deal Type Divestiture

Target

Charles Allen & Associates - Group Benefits Division

North Carolina, United States
Charles Allen & Associates - Group Benefits Division is a provider of insurance services in North Carolina, United Status.

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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 32 of 126
Sector (Insurance) 31 of 118
Type (Divestiture) 4 of 11
State (North Carolina) 5 of 8
Country (United States) 32 of 126
Year (2017) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 American Truck Insurance Exchange

Manasquan, New Jersey, United States

American Truck Insurance Exchange LLC (ATIE) is a property and casualty insurance agency that specializes in the trucking industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Keough Kirby Associates

Woonsocket, Rhode Island, United States

Keough Kirby Associates, Inc. is a provider of professional insurance and risk management services. Keough Kirby Associates, Inc. was established in 1914 and is headquartered in Woonsocket, Rhode Island.

Buy -

Seller(S) 1

SELLER

Charles Allen & Associates

North Carolina, United States

Category Company
Sector Insurance
DESCRIPTION

Charles Allen & Associates is a provider of financial services and employee benefits solutions for businesses and individuals in the area.


DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1