M&A Deal Summary

Hilb Group Acquires CNC Insurance Associates

On October 17, 2017, Hilb Group acquired insurance company CNC Insurance Associates

Acquisition Highlights
  • This is Hilb Group’s 34th transaction in the Insurance sector.
  • This is Hilb Group’s 35th transaction in the United States.
  • This is Hilb Group’s 1st transaction in Delaware.

M&A Deal Summary

Date 2017-10-17
Target CNC Insurance Associates
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

CNC Insurance Associates

Dover, Delaware, United States
CNC Insurance Associates, Inc. is a provider of property & casualty insurance solutions for businesses in Delaware, Maryland, Pennsylvania, New Jersey and Virginia. With its office location in Dover, Delaware.

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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 35 of 126
Sector (Insurance) 34 of 118
Type (Add-on Acquisition) 31 of 115
State (Delaware) 1 of 1
Country (United States) 35 of 126
Year (2017) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-19 Mid-State Insurance Agency

Taunton, Massachusetts, United States

Mid-State Insurance Agency, Inc. is a provider of property & casualty insurance and employee benefits products to businesses and individuals throughout the New England region. MSIA specializes in developing tailored risk management and insurance programs for automobile dealerships.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 BKC Insurance Agency

Cheboygan, Michigan, United States

BKC Insurance Agency provides a wide array of property & casualty and employee benefits solutions for businesses and individuals, including specialized programs for farms and other agricultural services in Michigan, Ohio and Indiana.

Buy -