M&A Deal Summary

Hilb Group Acquires Nowell Agency

On February 9, 2023, Hilb Group acquired insurance company Nowell Agency

Acquisition Highlights
  • This is Hilb Group’s 117th transaction in the Insurance sector.
  • This is Hilb Group’s 124th transaction in the United States.
  • This is Hilb Group’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2023-02-09
Target Nowell Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target

Nowell Agency

Brandon, Mississippi, United States
Nowell Agency provide a wide range of business insurance, personal insurance and risk management products to individuals and companies. Nowell Agency was founded in 1984 and is based in Brandon, Mississippi.

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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 124 of 126
Sector (Insurance) 117 of 118
Type (Add-on Acquisition) 113 of 115
State (Mississippi) 1 of 1
Country (United States) 124 of 126
Year (2023) 2 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-03 E/G of Florida

Fort Lauderdale, Florida, United States

E/G of Florida provides comprehensive, customized solutions to meet individual client needs, through both personal and commercial coverage. E/G of Florida was founded in 2000 and is based in Fort Lauderdale, Florida.

Buy -
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