M&A Deal Summary

Hilb Group Acquires Martens Johnson Insurance Agency

On January 22, 2020, Hilb Group acquired insurance company Martens Johnson Insurance Agency

Acquisition Highlights
  • This is Hilb Group’s 67th transaction in the Insurance sector.
  • This is Hilb Group’s 70th transaction in the United States.
  • This is Hilb Group’s 5th transaction in Maryland.

M&A Deal Summary
Date 2020-01-22
Target Martens Johnson Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

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.

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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 70 of 126
Sector (Insurance) 67 of 118
Type (Add-on Acquisition) 64 of 115
State (Maryland) 5 of 8
Country (United States) 70 of 126
Year (2020) 2 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 BR Vital Brokerage

Brooklyn, New York, United States

BR Vital Brokerage, Inc. is an independent brokerage primarily providing property and casualty insurance with a specialty in providing liability coverage to medical professionals. BR Vital Brokerage, Inc. is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 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.

Buy -
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