Insurance Add-on Acquisitions in 2021
Acquisition Volume in Insurance Add-on in 2021 by Year
Last 5 years
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December 31, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- Kamm Insurance Group, Inc.
- Seller
- Kamm Insurance Group, Inc. (Kamm family)
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Relation Insurance Services acquired the assets of Kamm Insurance Group, Inc., effective December 31, 2021; terms were not disclosed. The deal creates a new "Great Lakes region" business unit to expand Relation's presence in Chicagoland and the broader Great Lakes area, with Bill and Adam Kamm remaining in leadership roles.
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December 24, 2021
- Buyer
- Markerstudy Group
- Target
- Clegg Gifford & Co Ltd
- Seller
- Roy Clegg, Clegg Gifford family / shareholders
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Addon
Markerstudy Group has agreed to acquire Lloyd's broker Clegg Gifford, subject to regulatory approval. The deal brings Clegg Gifford's Lloyd's access and motor-trade specialism into Markerstudy's digitally-led insurance platform, with founder Roy Clegg set to retire and Toby Clegg remaining as CEO of the business.
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December 23, 2021
- Buyer
- King Insurance, BHMS Investments, LP
- Target
- Piedmont Insurance Associates
- Industry
- Insurance
- Location
- Georgia, United States
- Type
- Addon
King Insurance, a Gainesville, Florida-based full-service insurance brokerage, acquired Piedmont Insurance Associates, an independent insurance agency with offices in Covington and Newnan, Georgia. The acquisition is King's first expansion outside Florida and continues its roll-up strategy following a partnership with investor BHMS Investments, LP.
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- Buyer
- King Insurance
- Target
- AGM Insurance Agency, Fordham Insurance Agency
- Seller
- Mitch Renfroe, Ginger Renfroe
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
King Insurance, a Gainesville-based full-service insurance brokerage, has acquired AGM Insurance Agency and Fordham Insurance Agency, both founded by Mitch and Ginger Renfroe in Fort Lauderdale, Florida. The agencies will continue operating from their current location under King Insurance as part of the firm's ongoing Florida expansion supported by its partnership with BHMS Investments, LP.
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December 20, 2021
- Buyer
- AssuredPartners, Inc.
- Target
- Medallion Wealth Management, Inc.
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
AssuredPartners, Inc. has acquired Medallion Wealth Management, Inc., a Sewickley, Pennsylvania-based wealth management firm led by President Arthur Hazen. The 12-person firm — reporting approximately $3 million in annualized revenues — will join AssuredPartners to expand the broker's presence and capabilities in Pennsylvania.
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December 15, 2021
- Buyer
- Patriot Growth Insurance Services, LLC, GI Partners, Summit Partners
- Target
- The Safegard Group
- Industry
- Insurance
- Location
- Pennsylvania, United States
- Type
- Addon
Patriot Growth Insurance Services announced that The Safegard Group, a Media, Pennsylvania-based risk-management focused insurance agency, has joined the Patriot platform. The partnership expands Patriot's property & casualty and employee benefits capabilities and establishes a Philadelphia-area presence; Safegard's 56 staff and leadership team will remain in place.
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December 15, 2021
- Buyer
- Choice Financial Group
- Target
- Bernier Insurance Agency
- Industry
- Insurance
- Location
- New Hampshire, United States
- Type
- Addon
Choice Financial Group, a PE-backed insurance agency platform, acquired Bernier Insurance Agency of Rochester, New Hampshire, marking Choice's first location in New England. Troy Dillow will remain president of Bernier as the agency leverages Choice's tools and Northlane Capital Partners' support to expand regionally.
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December 13, 2021
- Buyer
- StoneRidge Insurance Brokers (SIB Corp.), CIVC Partners, LP
- Target
- John Stark & Company
- Seller
- John Stark & Company (Stark family / Colin Stark)
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Addon
SIB Corp., operating as StoneRidge Insurance Brokers and backed by private equity firm CIVC Partners, has acquired John Stark & Company, a family-owned full-service insurance brokerage with offices in Barrie and Coldwater, Ontario. The acquisition expands StoneRidge’s personal, commercial and life insurance offerings and continues SIB’s roll-up strategy in Canada; Stark is the eighth transaction since SIB partnered with CIVC in 2019.
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December 13, 2021
- Buyer
- High Street Insurance Partners (HSIP)
- Target
- GTA Insurance Group
- Industry
- Insurance
- Location
- Nebraska, United States
- Type
- Addon
High Street Insurance Partners (HSIP) has acquired Nebraska-based GTA Insurance Group, adding over 30 offices across Nebraska and expanding HSIP's agricultural insurance capabilities. The deal integrates GTA's local teams into HSIP's national brokerage platform to broaden geographic reach and deepen agribusiness expertise for clients.
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December 1, 2021
- Buyer
- Venbrook Group, LLC
- Target
- InterContinental Insurance Brokers, LLC
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
Venbrook Group, LLC acquired InterContinental Insurance Brokers, LLC, a Boston-based property & casualty insurance brokerage, to strengthen its East Coast presence and commercial real estate risk management capabilities. IIB founder Thomas E. Sleeper will continue to lead the business and become Managing Director of Venbrook Insurance Services Northeast Real Estate, supporting expansion of Venbrook's nationwide commercial real estate offerings.
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December 1, 2021
- Buyer
- High Street Insurance Partners
- Target
- Hershey Insurance Agency
- Industry
- Insurance
- Location
- Michigan, United States
- Type
- Addon
High Street Insurance Partners (HSIP) acquired Hershey Insurance Agency (HIA), a full-service insurance firm headquartered in Troy, Michigan. The deal expands HSIP’s presence in Michigan and the Midwest as part of its ongoing roll-up strategy of community-focused agencies.
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November 30, 2021
- Buyer
- Choice Financial Group, Northlane Capital Partners
- Target
- Ashley & Associates Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Choice Financial Group, a portfolio company of Northlane Capital Partners, acquired Norfolk, Virginia-based Ashley & Associates Insurance Agency. The acquisition adds a partner agency to Choice's portfolio to expand its presence in southeastern Virginia and provide Ashley & Associates with Choice's resources, carrier relationships, and technology; Chris Miles has been named President of Ashley & Associates.
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November 30, 2021
- Buyer
- Hilb Group
- Target
- Clark & Lavey Benefits Solutions, Inc., InCap
- Industry
- Insurance
- Location
- New Hampshire, United States
- Type
- Addon
The Hilb Group acquired Clark & Lavey Benefits Solutions, Inc., including its medical captive solution InCap, effective November 1, 2021. The deal expands Hilb Group's employee benefits capabilities and increases its presence in New England; Hilb Group is a portfolio company of The Carlyle Group.
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November 23, 2021
- Buyer
- World Insurance Associates LLC
- Target
- Governor Insurance Agency
- Seller
- Robert "Bob" Thompson Jr.
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a Top 100 insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Governor Insurance Agency of Vienna, Ohio on August 1, 2021. The acquisition brings Governor's specialty pet and small-business P&C insurance offerings into WIA's platform to expand specialty coverage (including pet insurance) across the United States; terms were not disclosed.
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November 23, 2021
- Buyer
- Inszone Insurance Services
- Target
- Stromsoe Insurance Agency, Inc.
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
Inszone Insurance Services has acquired Stromsoe Insurance Agency, Inc., marking Inszone's 19th acquisition in California and its second in Temecula. The Stromsoe staff will remain at the Temecula office under existing leadership as Inszone expands its footprint across Riverside County.
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November 22, 2021
- Buyer
- StoneRidge Insurance Brokers (SIB Corp.), CIVC Partners, LP
- Target
- J.M. Johnson Insurance Agencies
- Industry
- Insurance
- Location
- Manitoba, Canada
- Type
- Addon
StoneRidge Insurance Brokers (a CIVC Partners portfolio company) has entered a partnership with J.M. Johnson Insurance Agencies, expanding StoneRidge's presence into Manitoba. J.M. Johnson, founded in 1950 and based in Winnipeg with two offices, will continue to be led by President Grant Johnson as it joins the StoneRidge partnership platform.
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November 11, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- D'Amico, Santoro & Columbia Insurance, J. Phillips Hall Insurance, LLC
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Connecticut-based D'Amico, Santoro & Columbia Insurance and J. Phillips Hall Insurance, LLC. The transaction is an add-on acquisition to expand Relation's footprint and client base in Connecticut; terms were not disclosed.
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November 10, 2021
- Buyer
- Relation Insurance Services, Inc., Aquiline Capital Partners
- Target
- Truck Insurance Mart, Inc.
- Industry
- Insurance
- Location
- Kansas, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Kansas-based Truck Insurance Mart. The acquisition brings transportation-focused insurance expertise and expands Relation's Central Region footprint; Truck CEO Lucy Harrity will remain in place.
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November 3, 2021
- Buyer
- The Clear Group
- Target
- HIA International, Luker Rowe Chartered Insurance Brokers
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Addon
The Clear Group (Clear Insurance Management Ltd), a PE-backed chartered insurance broker, has acquired two UK broking firms: HIA International (Coventry/Bedford) and Luker Rowe Chartered Insurance Brokers (Amersham). The deals expand Clear's niche capabilities in property, pet and events insurance and build on its Brokerbility network as part of an ongoing acquisition-led growth strategy.
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- Buyer
- StoneRidge Insurance Brokers (SIB Corp.), CIVC Partners, LP
- Target
- Underwriters Alliance, Inc.
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Addon
StoneRidge Insurance Brokers (SIB), a CIVC Partners-backed insurance platform, has entered into a partnership/investment with Underwriters Alliance, Inc. (UAI) to expand StoneRidge's group benefits and HR services offering across Canada. UAI, founded in 1997 and based in Hamilton, Ontario, will continue to be led by founder Robert Fedak; this is SIB's sixth partnership investment since partnering with CIVC in 2019.
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October 21, 2021
- Buyer
- The Hilb Group
- Target
- Forrest Insurance Agency
- Industry
- Insurance
- Location
- Massachusetts, United States
- Type
- Addon
The Hilb Group, a Richmond-based property & casualty and employee benefits brokerage, has acquired Forrest Insurance Agency of East Longmeadow, Massachusetts, effective October 1, 2021. The acquisition expands Hilb Group’s P&C offerings and New England presence as Forrest principals Larry and Michael Forrest and their team join Hilb Group’s New England operations.
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October 20, 2021
- Buyer
- Independence Pet Holdings (formerly Iguana Capital), JAB's U.S. pet insurance platform, PetPartners (consumer-facing platform, post-close acquirer/parent of Figo)
- Target
- Figo Pet Insurance
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
JAB’s U.S. pet insurance platform, Independence Pet Holdings (formerly Iguana Capital), has entered into a definitive agreement to acquire Figo, a leading U.S. pet insurance provider. As part of the deal, Figo shareholders will roll a portion of their equity interests into PetPartners, and Figo will become a wholly-owned subsidiary of PetPartners after closing, which is expected by year-end.
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October 19, 2021
- Buyer
- Hilb Group
- Target
- Gerardi Insurance Services, Inc.
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
The Hilb Group acquired Gerardi Insurance Services, Inc., an independent insurance agency based in Putnam, Connecticut, effective October 1, 2021. The acquisition expands Hilb Group's New England footprint and brings Gerardi's Property & Casualty and Employee Benefits team, led by principals Matthew and Edward Desaulnier, into Hilb's New England regional operations.
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- Buyer
- Enlyte, Mitchell International, Genex Services, Stone Point Capital
- Target
- Mitchell International, Genex Services, Coventry Workers' Comp Services
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Mitchell International, Genex Services and Coventry Workers' Comp Services announced the launch of a new parent brand, Enlyte, uniting the three businesses into a combined organization serving the property & casualty claims continuum. The move formalizes prior transactions (Mitchell/Genex merger in 2018 and Coventry acquisition in 2020) under a single brand backed by Stone Point Capital and creates an integrated offering across claims technology, clinical services and provider/network solutions.
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October 5, 2021
- Buyer
- StoneRidge Insurance Brokers, CIVC Partners
- Target
- Barber, Stewart, McVittie & Wallace Insurance Brokers
- Industry
- Insurance
- Location
- Ontario, Canada
- Type
- Addon
StoneRidge Insurance Brokers, a CIVC Partners–backed insurance platform, has entered a partnership to add Barber, Stewart, McVittie & Wallace Insurance Brokers (BSMW) as a new retail office in the Greater Toronto / Markham area. The move expands StoneRidge's Ontario footprint and gives BSMW access to additional markets, products and resources while keeping BSMW's leadership in place.
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September 29, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- Insley Insurance & Financial Services, Inc.
- Seller
- Insley Insurance & Financial Services, Inc.
- Industry
- Insurance
- Location
- Delaware, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Newark, Delaware-based Insley Insurance & Financial Services, Inc. The Insley team, led by Harry "T" Insley, Jr., will join Relation and continue operating from the Newark office to help grow Relation's presence in the Mid-Atlantic region; terms were not disclosed.
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September 28, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- The Furman Co. Insurance Agency
- Industry
- Insurance
- Location
- South Carolina, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of The Furman Co. Insurance Agency of Greenville, South Carolina. Terms were not disclosed; Furman’s staff, including Jennifer Hincapie, joined Relation and will continue operating from the Greenville location as Relation expands its commercial and personal lines footprint in South Carolina.
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September 23, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- Pitts Insurance Team
- Industry
- Insurance
- Location
- South Carolina, United States
- Type
- Addon
Relation Insurance Services, Inc. acquired the assets of Pitts Insurance Team, an independent insurance agency based in Columbia, South Carolina. The acquisition expands Relation’s presence in South Carolina; terms were not disclosed.
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September 22, 2021
- Buyer
- Relation Insurance Services, Inc.
- Target
- Perry Insurance Group, Inc.
- Seller
- Perry Insurance Group, Inc.
- Industry
- Insurance
- Location
- South Carolina, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, has acquired the assets of Perry Insurance Group, a Lexington, South Carolina-based insurance agency. The acquisition expands Relation's footprint and capabilities across South Carolina—particularly in small commercial, middle-market commercial and personal lines—and David Perry will continue with Relation as a leader in Relation Select. Terms were not disclosed.
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September 20, 2021
- Buyer
- Alacrity Solutions Group, LLC
- Target
- Temporary Housing Directory, LLC
- Seller
- White Wolf Capital
- Industry
- Insurance
- Location
- Colorado, United States
- Type
- Addon
Alacrity Solutions Group, a Kohlberg-backed provider of insurance claims management services, acquired Temporary Housing Directory (THD) from majority owner White Wolf Capital. THD, a national temporary housing and relocation services provider founded by Teresa Vidger in 2001, will be integrated into Alacrity's claims service offerings to expand end‑to‑end housing capabilities for insurance carriers across North America. Financial terms were not disclosed.
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September 19, 2021
- Buyer
- AssuredPartners, Inc.
- Target
- Smith-Reiss Agency, Inc.
- Industry
- Insurance
- Location
- Ohio, United States
- Type
- Addon
AssuredPartners, Inc. has acquired Smith-Reiss Agency, Inc., a Canton, Ohio–based insurance agency. The five-person agency, led by President Eric Reiss, reports $1.2 million in annualized revenues and will remain with AssuredPartners as the firm expands its Ohio operations.
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September 15, 2021
- Buyer
- RYZE Claim Solutions
- Target
- Wimberly Claims Service
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
RYZE Claim Solutions, a national claims services provider majority‑owned by Bain Capital Insurance, has acquired Jacksonville‑based Wimberly Claims Service. The acquisition adds Wimberly’s experienced adjusters and regional footprint across Florida and the Southeast to RYZE’s claims processing and catastrophe response capabilities.
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September 9, 2021
- Buyer
- King Insurance
- Target
- Corsair Insurance Agency
- Seller
- Michael Carroll / Corsair Insurance Agency
- Industry
- Insurance
- Location
- Florida, United States
- Type
- Addon
King Insurance, a Gainesville-based full-service insurance brokerage, has acquired Corsair Insurance Agency, a Florida specialist in medical malpractice insurance for physician practices and healthcare facilities. The deal expands King’s healthcare-focused insurance capabilities in Florida and supports the firm's ongoing roll-up strategy following its partnership with BHMS Investments, LP.
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September 9, 2021
- Buyer
- PIB Group Ltd
- Target
- JRT Insurance Brokers Ltd
- Industry
- Insurance
- Location
- Nottinghamshire, United Kingdom
- Type
- Addon
PIB Group Ltd has acquired JRT Insurance Brokers Ltd, an independent Nottingham-based insurance broker founded in 2015 with a 14-person team. JRT will integrate into PIB's Specialty division to strengthen the group's Northern presence and expand its specialist commercial lines capability across sectors such as construction, care and hospitality.
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August 30, 2021
- Buyer
- Aston Lark, Bowmark
- Target
- McMahon Galvin, ES Risks, Linkscover, Principal Insurance Ireland, Plester Group, Essex Insurance Brokers, A.R. Brassington & Co
- Industry
- Insurance
- Location
- United Kingdom
- Type
- Addon
Bowmark-backed Aston Lark has completed seven bolt-on acquisitions since May, bringing its total since January to 18. The deals add a mix of personal, commercial and niche specialist brokers across the United Kingdom and Ireland — including McMahon Galvin (Dublin), ES Risks (London) and Linkscover (golf specialist) — expanding Aston Lark’s geographic coverage and specialty capabilities.
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- Buyer
- Venbrook Group, LLC, Parthenon Capital
- Target
- RD Parisi Associates, Inc., David Morse & Associates (DMA)
- Industry
- Insurance
- Location
- United States
- Type
- Addon
Venbrook Group, LLC (backed by Parthenon Capital) has acquired RD Parisi Associates, Inc. and David Morse & Associates (DMA) to strengthen its employee benefits offerings and claims services. The deals expand Venbrook's East Coast benefits presence and enhance its national claims capabilities (DMA services 40+ states with 150+ locations), bringing the Venbrook organization to more than 600 employees.
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August 17, 2021
- Buyer
- PCF Insurance Services
- Target
- Rice Insurance
- Industry
- Insurance
- Location
- Washington, United States
- Type
- Addon
PCF Insurance Services announced a strategic partnership with Rice Insurance of Bellingham, Washington, under which Rice Insurance partner James Fritts will become an owner and partner of PCF. The deal brings Rice Insurance into PCF’s agency partner network, giving the agency access to PCF’s finance, HR, IT, carrier relationships and growth resources to support future expansion.
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- Buyer
- Sunstar Insurance Group, LLC
- Target
- Campbell & Company Insurance
- Industry
- Insurance
- Location
- Arkansas, United States
- Type
- Addon
Sunstar Insurance Group has partnered with/acquired Campbell & Company Insurance, adding the Camden-based agency to its Arkansas footprint. Jim Black will join the Sunstar Arkansas executive team and the deal expands Sunstar Arkansas to 87 employees across 12 locations; financial terms were not disclosed.
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August 9, 2021
- Buyer
- Simplicity Group
- Target
- Advisors Resource, LLC
- Industry
- Insurance
- Location
- Minnesota, United States
- Type
- Addon
Simplicity Group has acquired Minneapolis-based Advisors Resource, LLC, a marketing and distribution organization focused on life insurance, annuities and long-term care products. Advisors Resource’s principals Tim Mastel, Dave Wohlwend and Tom Burns join Simplicity as partners; the business becomes the 26th distribution company to join Simplicity’s partnership network.
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August 5, 2021
- Buyer
- Data Dimensions, Thompson Street Capital Partners
- Target
- WorkCompEDI
- Industry
- Insurance
- Location
- Illinois, United States
- Type
- Addon
Data Dimensions has completed the acquisition of WorkCompEDI, combining WorkCompEDI’s P&C EDI clearinghouse capabilities with Data Dimensions’ automation and payments solutions. The combined business will operate under the Data Dimensions brand; WorkCompEDI co-founder Marc Menendez will join Data Dimensions as Chief Solutions Officer & General Manager of EDI Services. Data Dimensions is a portfolio company of Thompson Street Capital Partners.
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August 1, 2021
- Buyer
- World Insurance Associates LLC
- Target
- Potomac Ashcraft Insurance and Financial Services
- Seller
- Potomac Ashcraft Insurance and Financial Services, Robert Reilly (Owner)
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
World Insurance Associates LLC (WIA) acquired Potomac Ashcraft Insurance and Financial Services of Alexandria, Virginia on August 1, 2021. Potomac Ashcraft, founded in 1985, is a full-service insurance agency and registered investment advisor serving businesses and individuals across Maryland, Washington, D.C., and Virginia; terms were not disclosed.
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- Buyer
- OLI Insurance Services, Inc., Heffernan Insurance Brokers
- Target
- Walton and Associates Insurance Services
- Seller
- Verne Walton, Susan Walton
- Industry
- Insurance
- Location
- California, United States
- Type
- Addon
OLI Insurance Services, a subsidiary of Heffernan Insurance Brokers, has acquired Walton and Associates Insurance Services effective August 1, 2021. The San Jose-based, family-run agency will operate autonomously under the OLI/Heffernan network to leverage market access, back-office support and growth resources.
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July 27, 2021
- Buyer
- Hilb Group
- Target
- Health Quote, Inc.
- Industry
- Insurance
- Location
- Rhode Island, United States
- Type
- Addon
Hilb Group acquired Rhode Island-based Health Quote, Inc., effective July 1, 2021, to expand its Medicare business. The acquisition brings Health Quote’s Medicare-focused clientele into Hilb Group’s growing Medicare practice and strengthens the buyer’s senior/Medicare capabilities.
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- Buyer
- Relation Insurance Services, Inc.
- Target
- The SIG Insurance Agencies
- Seller
- The SIG Insurance Agencies
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of The SIG Insurance Agencies to expand its presence in the U.S. Northeast. The transaction adds SIG’s ~65 employees and strengthens Relation’s commercial and personal lines, employee benefits, and financial services capabilities.
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- Buyer
- Relation Insurance Services, Inc.
- Target
- SouthEast Agency LLC
- Industry
- Insurance
- Location
- Connecticut, United States
- Type
- Addon
Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Connecticut-based SouthEast Agency LLC. The acquisition — terms undisclosed — adds SouthEast’s P&C expertise (contractors, commercial transportation, hospitality and real estate) to Relation’s East Region, with Jay Lorinsky remaining in a leadership role.
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- Buyer
- Hilb Group
- Target
- Ryan Harris Insurance and Financial Services, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Hilb Group, a Richmond-based insurance brokerage, acquired Salem, Virginia–based Ryan Harris Insurance and Financial Services, Inc., effective July 1, 2021, expanding Hilb Group's Mid-Atlantic footprint. The agency principal Ryan Harris and his team will join Hilb Group's Mid-Atlantic regional operations as part of one of six Virginia agency acquisitions completed by Hilb Group that month.
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July 13, 2021
- Buyer
- Hilb Group
- Target
- Easley Hedrick Insurance & Financial
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Hilb Group, a Richmond-headquartered property & casualty and employee benefits brokerage (and portfolio company of The Carlyle Group), acquired Easley Hedrick Insurance & Financial effective July 1, 2021. The acquisition adds the Mechanicsville, Virginia-based multi-line insurance agency and its team to Hilb Group's Mid-Atlantic regional operations as part of the firm's ongoing roll-up strategy.
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July 13, 2021
- Buyer
- Hilb Group
- Target
- Harvey Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
The Hilb Group acquired Harvey Insurance Agency, Inc., an independent multi-line insurance agency based in Manassas, Virginia, effective July 1, 2021. The acquisition expands Hilb Group’s Mid-Atlantic footprint and brings Bill Harvey and his team into Hilb Group’s regional operations as part of the firm’s ongoing roll-up strategy under its Carlyle-backed platform.
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- Buyer
- High Street Insurance Partners
- Target
- First Security Insurance
- Industry
- Insurance
- Location
- North Carolina, United States
- Type
- Addon
Michigan-based High Street Insurance Partners (HSIP) has acquired First Security Insurance (FSI), an independent insurance agency headquartered in Hickory, North Carolina. FSI leaders Charles Connor IV and CEO Karl Sherrill will remain in leadership roles, with Sherrill also becoming principal and agency operations leader for HSIP; the deal is an add-on to HSIP's PE-backed platform.
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July 1, 2021
- Buyer
- Jensten Group
- Target
- Tasker Insurance Group, Tasker Insurance Brokers, Tasker & Partners, Gresham Underwriting
- Industry
- Insurance
- Location
- England, United Kingdom
- Type
- Addon
The Jensten Group has acquired Tasker Insurance Group, including Tasker Insurance Brokers, Tasker & Partners and Gresham Underwriting, for an undisclosed sum (subject to regulatory approval). The deal adds approximately £50M gross written premium to Jensten and expands its specialist broking and underwriting capabilities as part of its buy-and-build growth strategy toward a £500M GWP target.
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