M&A Deal Summary

Hilb Group Acquires OceanPoint Insurance

On December 26, 2022, Hilb Group acquired insurance company OceanPoint Insurance

Acquisition Highlights
  • This is Hilb Group’s 115th transaction in the Insurance sector.
  • This is Hilb Group’s 122nd transaction in the United States.
  • This is Hilb Group’s 8th transaction in Rhode Island.

M&A Deal Summary
Date 2022-12-26
Target OceanPoint Insurance
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

OceanPoint Insurance

Barrington, Rhode Island, United States
OceanPoint Insurance provides complete property and casualty products and solutions, as well as broad employee benefits offerings for their clients in both commercial and personal lines. OceanPoint Insurance is based in Barrington, Rhode Island.

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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 122 of 126
Sector (Insurance) 115 of 118
Type (Add-on Acquisition) 111 of 115
State (Rhode Island) 8 of 8
Country (United States) 122 of 126
Year (2022) 16 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Gillman Insurance

Alpharetta, Georgia, United States

Gillman Insurance provides taking a problem-solving approach to meet the needs of its clients through a broad suite of both personal and commercial offerings. Gillman Insurance was founded in 1993 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Oak Ridge Surety Agency

West Chester, Pennsylvania, United States

Oak Ridge Surety Agency is specializes in providing competitive surety bond programs and commercial insurance options to its customers. Oak Ridge Surety Agency is based in West Chester, Pennsylvania.

Buy -
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