Divestiture • Insurance

Hilb Group Acquires Group Brokerage Insurance Agency

On January 28, 2020, Hilb Group acquired insurance company Group Brokerage Insurance Agency from Digital Insurance

Acquisition Context
  • This is Hilb Group’s 68th transaction in the Insurance sector.
  • This is Hilb Group’s 71st transaction in the United States.
  • This is Hilb Group’s 15th transaction in Massachusetts.

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M&A Deal Summary

Date January 28, 2020
Target Group Brokerage Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Sellers(s) Digital Insurance
Deal Type Divestiture

Target Company

Group Brokerage Insurance Agency

Waltham, Massachusetts, United States
Group Brokerage Insurance Agency LLC is an employee benefits agency primarily providing group medical, dental, life, short & long-term disability, and long-term care insurance. Group Brokerage Insurance Agency was founded in 2011 and is based in Waltham, Massachusetts.
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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 71 of 126
Sector: Insurance 68 of 118
Type: Divestiture 7 of 11
State: Massachusetts 15 of 22
Country: United States 71 of 126
Year: 2020 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 Martens Johnson Insurance Agency

Rockville, Maryland, United States

Martens Johnson Insurance Agency, Inc. is a full-service insurance agency focused on the unique needs of the commercial transportation industry in the Maryland and Washington DC metro areas. Martens Johnson Insurance Agency, Inc. was established in 1984 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-11 Regency Group

East Lansing, Michigan, United States

Regency Insurance Group LLC is a property & casualty agency that specializes in personal lines coverage. RIG is focused on serving households throughout Florida by offering home, auto, flood, and watercraft insurance. Regency Insurance Group is based in East Lansing, Michigan.

Buy -

Seller Profile 1

SELLER

Digital Insurance

Atlanta, Georgia, United States

Category Company
Founded 2000
Sector Business Services
DESCRIPTION

Digital Insurance, Inc. is an employee benefits platform specializing in health insurance distribution and benefits management for small and mid-sized businesses. Digital manages more than 20,000 employer clients, 250 broker partnerships and more than $1 billion in annual premiums. Digital's largest division, Digital Benefits Advisors, is a rapidly growing health benefits brokerage agency that utilizes Digital's highly scalable benefits technology platform to successfully target the SMB marketplace on a direct basis.


Deal Context for Seller #
Overall 3 of 3
Sector: Insurance 3 of 3
Type: Divestiture 3 of 3
State: Massachusetts 1 of 1
Country: United States 3 of 3
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 TriSure Benefits

Raleigh, North Carolina, United States

TriSure Benefits, LLC is an independently owned insurance consulting firms.

Sell -