The Carlyle Group to Acquire Majority Interest in The Hilb Group
October 30, 2019
The Carlyle Group has signed a definitive agreement to acquire a majority interest in The Hilb Group from Abry Partners; financial terms were not disclosed. Hilb, a Richmond-based insurance brokerage with more than 900 associates and 91 branch offices, will retain significant ownership by its management team and employee shareholders as Carlyle supports further organic growth and targeted M&A.
- Buyers
- The Carlyle Group
- Targets
- The Hilb Group
- Sellers
- Abry Partners
- Industry
- Insurance
- Location
- Virginia, United States
- Transaction Type
- Buyout
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