Add-on Acquisition • Insurance

Hilb Group Acquires Wickford Insurance Agency

On December 24, 2019, Hilb Group acquired insurance company Wickford Insurance Agency

Acquisition Context
  • This is Hilb Group’s 65th transaction in the Insurance sector.
  • This is Hilb Group’s 68th transaction in the United States.
  • This is Hilb Group’s 5th transaction in Rhode Island.

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M&A Deal Summary

Date December 24, 2019
Target Wickford Insurance Agency
Sector Insurance
Buyer(s) Hilb Group
Deal Type Add-on Acquisition

Target Company

Wickford Insurance Agency

North Kingstown, Rhode Island, United States
Wickford Insurance Agency, Inc. is a full-service property and casualty insurance agency for businesses and individuals. Wickford Insurance Agency was founded in 1984 and is based in North Kingstown, Rhode Island.
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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 68 of 126
Sector: Insurance 65 of 118
Type: Add-on Acquisition 62 of 115
State: Rhode Island 5 of 8
Country: United States 68 of 126
Year: 2019 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Beth Berardi

Braintree, Massachusetts, United States

Beth Berardi is a provider of property and casualty insurance services. Beth Berardi is based in Braintree, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 BR Vital Brokerage

Brooklyn, New York, United States

BR Vital Brokerage, Inc. is an independent brokerage primarily providing property and casualty insurance with a specialty in providing liability coverage to medical professionals. BR Vital Brokerage, Inc. is based in Brooklyn, New York.

Buy -