M&A Deal Summary

Hilb Group Acquires Star Insurance Agency

On April 8, 2021, Hilb Group acquired insurance company Star Insurance Agency

Acquisition Highlights
  • This is Hilb Group’s 86th transaction in the Insurance sector.
  • This is Hilb Group’s 91st transaction in the United States.
  • This is Hilb Group’s 3rd transaction in Indiana.

M&A Deal Summary

Date 2021-04-08
Target Star Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Star Insurance Agency

Indiana, United States
Star Insurance Agency is a full-service agency, providing fast, caring service to clients throughout the region. Star Insurance Agency has both personal and commercial insurance offerings, including both P&C and employee benefits.

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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 91 of 126
Sector: Insurance M&A 86 of 118
Type: Add-on Acquisition M&A Deals 80 of 115
State: Indiana M&A 3 of 5
Country: United States M&A 91 of 126
Year: 2021 M&A 6 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Andrews Benefits

Farmington, Connecticut, United States

Andrews Benefits is specialize in employee benefits and have clients ranging from small employers to national accounts. Andrews Benefits is based in Farmington, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Parallel Risk Advisors

Baltimore, Maryland, United States

Parallel Risk Advisors is a commercial lines property and casualty (P&C) consulting and advisory firm specializing in the commercial real estate industry. Parallel Risk Advisors was founded in 2013 and is based in Baltimore, Maryland.

Buy -