The Hilb Group Acquires Benefit Foundations, LLC and Hires Patrick Grant
May 1, 2021
The Hilb Group, LLC (THG) acquired Benefit Foundations, LLC effective May 1, 2021 and concurrently hired employee benefits specialist Patrick Grant to join its New Agency Partners office in Parsippany, New Jersey. The acquisition strengthens THG’s employee benefits capabilities in the Tri-State region; THG is a PE-backed insurance brokerage (portfolio company of The Carlyle Group) pursuing growth through strategic add-on acquisitions.
- Buyers
- The Hilb Group, LLC
- Targets
- Benefit Foundations, LLC
- Platforms
- The Hilb Group, LLC
- Industry
- Insurance
- Location
- New Jersey, United States
- Transaction Type
- Addon
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