M&A Deal Summary

Hilb Group Acquires Reick Insurance Agency

On June 30, 2022, Hilb Group acquired insurance company Reick Insurance Agency

Acquisition Highlights
  • This is Hilb Group’s 106th transaction in the Insurance sector.
  • This is Hilb Group’s 113th transaction in the United States.
  • This is Hilb Group’s 5th transaction in Indiana.

M&A Deal Summary

Date 2022-06-30
Target Reick Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Reick Insurance Agency

Kendallville, Indiana, United States
Reick Insurance Agency is a provider of property & casualty insurance services. Reick Insurance Agency was founded in 1994 and is based in Kendallville, Indiana.

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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 113 of 126
Sector (Insurance) 106 of 118
Type (Add-on Acquisition) 102 of 115
State (Indiana) 5 of 5
Country (United States) 113 of 126
Year (2022) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Howe-LaGrange Insurance Agency

LaGrange, Indiana, United States

Howe-LaGrange Insurance Agency is a provider of broad property & casualty offerings for their clients in both commercial and personal lines. Howe-LaGrange Insurance Agency is based in LaGrange, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 King & Cushman

Northampton, Massachusetts, United States

King & Cushman is a full-service independent insurance agency providing all your Massachusetts personal and business insurance needs. King & Cushman is based in Northampton, Massachusetts.

Buy -