Insurance Add-on Acquisitions in 2017
Acquisition Volume in Insurance Add-on in 2017 by Year
Last 5 years
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December 21, 2017
- Buyer
- The Hilb Group, LLC
- Target
- Insurance Trustees, Inc.
- Industry
- Insurance
- Location
- Indiana, United States
- Type
- Addon
The Hilb Group, LLC (a Richmond-based, PE-backed insurance agency) has acquired Insurance Trustees, Inc., an Indiana-based property & casualty and employee benefits agency, effective December 1, 2017. Insurance Trustees will continue to operate from its Garrett, Indiana office under its existing name, joining THG’s growing platform to strengthen the firm’s geographic presence in Indiana.
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December 19, 2017
- Buyer
- Alera Group
- Target
- Armstrong/Robitaille/Riegle Business and Insurance Solutions, Hallberg Commercial Insurers, Inc., Employee benefits division of Walker Higgins Associates
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Alera Group completed three add-on acquisitions effective December 1, 2017, acquiring Armstrong/Robitaille/Riegle Business and Insurance Solutions (Irvine, CA), Hallberg Commercial Insurers, Inc. (Oak Brook, IL), and the employee benefits division of Walker Higgins Associates (Spartanburg, SC). The acquisitions expand Alera Group’s regional footprints in southern California, the Chicago area, and South Carolina and increase its nationwide network of employee benefits, P&C, risk management and wealth management firms.
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November 14, 2017
- Buyer
- The Hilb Group, LLC, Abry Partners
- Target
- HR Knowledge, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
The Hilb Group, a Richmond-based insurance brokerage and portfolio company of Abry Partners, acquired HR Knowledge (HRK), a Mansfield, Massachusetts-based provider of payroll, employee benefits, and HR management services, effective November 1, 2017. The add-on deal expands THG's benefits and outsourced HR capabilities; HRK's managing directors Ken Bettenhauser and Jeff Garr will continue to operate from Mansfield.
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October 4, 2017
- Buyer
- Alera Group
- Target
- Axis Benefit Consultants, Employer Concept Insurance Services, Jeatran Associates, Simpson McCrady Benefits LLC
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Alera Group completed the acquisition of four regional employee benefits and insurance firms — Axis Benefit Consultants (Westmont, IL), Employer Concept Insurance Services (Irvine, CA), Jeatran Associates (Menomonie, WI) and Simpson McCrady Benefits LLC (Pittsburgh, PA) — effective October 1, 2017. The transactions add more than 50 employees to Alera Group and expand its national footprint across multiple states; terms were not disclosed.
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