The Hilb Group Acquires The Pennoyer Group, Inc.
February 11, 2013
The Hilb Group, LLC (THG) acquired The Pennoyer Group, Inc. from its shareholders, effective January 31, 2013. Pennoyer, an insurance agency based in Crofton, Maryland (with an office in Bel Air), provides personal and commercial insurance and a specialty real estate agent professional liability program; THG said the deal furthers its strategy of acquiring mid-market agencies on the East Coast.
- Buyers
- The Hilb Group, LLC
- Targets
- The Pennoyer Group, Inc.
- Sellers
- Shareholders of The Pennoyer Group, Inc.
- Industry
- Insurance
- Location
- Maryland, United States
- Transaction Type
- Buyout
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