The Hilb Group has acquired an unnamed Maine-based property and casualty agency, effective April 1, 2025.
Financial terms of the deal were not disclosed.
This acquisition extends the company’s property and casualty offerings in the New England region and adds Maine to its expanding portfolio.
The deal follows several others in recent months as the company continues to grow its property and casualty business. The company recently acquired a New Hampshire-based property and casualty firm. It also previously acquired a property and casualty agency in Texas, strengthening its presence in the state. The financial terms of both transactions were not disclosed.
In November 2024, The Hilb Group also acquired a Louisiana-based property and casualty business, effective November 1. This acquisition came shortly after the company completed a debt refinancing, which increased its available debt capacity by more than $500 million. The refinancing included an upsizing of the company’s revolving credit and delayed draw term loan facilities, which are intended to support future acquisitions.
Additionally, The Hilb Group has expanded into other areas. Effective September 1, it acquired a Colorado-based worksite enrollment business, further extending its footprint in the Midwest and adding a new market in Colorado. The company also finalized the acquisition of a Texas-based property and casualty insurance agency on August 1, further expanding its presence in the Central U.S.
The Hilb Group, based in Richmond, Virginia, is a privately held insurance brokerage firm founded in 2009. The company provides property and casualty insurance, employee benefits, and retirement services to businesses and individuals across the United States. It employs over 2,200 people and operates more than 125 offices nationwide.
The company’s growth strategy focuses on acquiring high-quality insurance agencies with strong leadership and operational independence. The company supports its acquisitions with resources, capital and expertise to drive further expansion.
