M&A Deal Summary

Hilb Group Acquires Damiano Agency

On July 23, 2019, Hilb Group acquired insurance company Damiano Agency

Acquisition Highlights
  • This is Hilb Group’s 55th transaction in the Insurance sector.
  • This is Hilb Group’s 58th transaction in the United States.
  • This is Hilb Group’s 4th transaction in Rhode Island.

M&A Deal Summary
Date 2019-07-23
Target Damiano Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Damiano Agency

Cranston, Rhode Island, United States
Damiano Agency, Inc. is a provider of property and casualty insurance solutions for businesses and individuals in the Rhode Island area.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 58 of 126
Sector (Insurance) 55 of 118
Type (Add-on Acquisition) 52 of 115
State (Rhode Island) 4 of 8
Country (United States) 58 of 126
Year (2019) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Jamieson Insurance Agency

Waitsfield, Vermont, United States

Jamieson Insurance Agency, Inc. is a property & casualty agency primarily providing business, auto & home insurance. Jamieson Insurance Agency was founded in 1977 and is based in Waitsfield, Vermont.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Handy-Apple Valley

Worcester, Massachusetts, United States

Handy-Apple Valley LLC is a provider of personal and commercial insurance solutions. Handy-Apple Valley is based in Worcester, Massachusetts.

Buy -
Mergr

Product

Company

Legal