Add-on Acquisition • Insurance

Hilb Group Acquires The Pennoyer Group

On February 11, 2013, Hilb Group acquired insurance company The Pennoyer Group

Acquisition Context
  • This is Hilb Group’s 6th transaction in the Insurance sector.
  • This is Hilb Group’s 6th transaction in the United States.
  • This is Hilb Group’s 1st transaction in Maryland.

Explore All 5492 Add-on Acquisition Insurance Deals - Search the Database Free


M&A Deal Summary

Date February 11, 2013
Target The Pennoyer Group
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target Company

The Pennoyer Group

Crofton, Maryland, United States
The Pennoyer Group provides personal and commercial insurance solutions as well as a national specialty niche insurance program targeting real estate agent professional liability.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 6 of 126
Sector: Insurance 6 of 118
Type: Add-on Acquisition 6 of 115
State: Maryland 1 of 8
Country: United States 6 of 126
Year: 2013 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 B&H Insurance Services

Winston Salem, North Carolina, United States

B&H Insurance Services specializes in long haul trucking insurance, writing coverage in more than 13 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 Engle Paxson and Hawthorne Insurance Services

Leesburg, Virginia, United States

Engle, Paxson, and Hawthorne Insurance providing residents and business owners in Northern VA, Washington DC and Maryland the best protection for their assets and health.

Buy -