Add-on Acquisition • Insurance

Hilb Group Acquires Damiano Agency

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date July 23, 2019
Target Damiano Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target Company

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.
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Buyer Overview 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 Context for Buyer #
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 -