Insurance Acquisitions in South Carolina

Hilb Group, a Carlyle-backed insurance brokerage, completed its 200th acquisition with the addition of an undisclosed South Carolina-based property & casualty and employee benefits agency effective February 1, 2026. The deal expands Hilb Group's Southeast footprint and enhances its full-service risk solution capabilities across property & casualty and employee benefits offerings.

King Risk Partners, a Gainesville, Florida-based insurance brokerage, has acquired LH Griffith & Company, an independent insurance agency with offices in Walterboro and Goose Creek, South Carolina. The acquisition expands King Risk Partners' presence in the South Carolina Lowcountry and adds LH Griffith's personal, business and transportation insurance clients to King's platform.

King Risk Partners has acquired Cummings Insurance Agency, LLC, an independent insurance agency in Aiken, South Carolina that specializes in agricultural and equestrian insurance. The deal expands King Risk Partners' footprint in South Carolina and brings additional specialty capabilities for farm, ranch and equine clients.

World Insurance Associates LLC acquired the business of Owens Insurance Agency and Stokes Farnham Insurance Agency of upstate South Carolina, effective January 1, 2025. Terms were not disclosed; the deal brings the two local agencies into World’s national brokerage network to expand product access and services for commercial, personal, life and health clients in the Greenville/Travelers Rest area.

King Risk Partners, a Gainesville-based insurance brokerage, has acquired Cypress Risk Management, Ltd. Co., a Ridgeville, South Carolina insurance agency that specializes in the forestry and trucking industries. The deal expands King Risk Partners' presence in South Carolina and strengthens its sector capabilities for forestry and trucking clients; terms were not disclosed.

The Hilb Group acquired a South Carolina-based worksite and voluntary benefits agency effective August 1, 2024, expanding its worksite and voluntary benefits presence in the Southeast. Hilb Group, a Richmond, Virginia–headquartered property & casualty and employee benefits brokerage (and a portfolio company of The Carlyle Group), did not disclose terms or the seller's identity.

Steadfast Group has acquired ISU Insurance Agency Network (ISU Group) for US$55 million to establish a foothold in the United States. ISU, one of the largest independent agency networks in the US with ~220 member agencies across 40+ states, will retain its management team and be rebranded ISU Steadfast to combine local scale with Steadfast's international capabilities.

Adjusteck, a Lowers Risk Group company, has acquired D'BROOK, LLC, an independent insurance claims adjusting firm based in Hilton Head Island, South Carolina. The deal expands Adjusteck's U.S. loss-adjusting capacity and specialty lines expertise; D'BROOK's owner Kevin Patrick will become Adjusteck's Managing Director, U.S.

SCF Solutions, LLC, a CUSO owned by South Carolina Federal Credit Union and headquartered in North Charleston, South Carolina, has acquired the assets of Arthurs Insurance & Risk Management Services, an independent insurance agency in Greenville, South Carolina. The acquisition expands SCF Solutions’ insurance capabilities and client base in the Upstate, particularly among business clients; Capstone Strategic served as M&A advisor on the transaction.

Hub International Limited has acquired the assets of Tilghman Insurance of Myrtle Beach, LLC, bringing the Tilghman team into Hub Carolinas. The transaction expands Hub’s commercial and personal insurance capabilities and geographic footprint in the Myrtle Beach / Grand Strand region of South Carolina; terms were not disclosed.

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Steinberg & Associates, Inc., an independent insurance and employee benefits agency based in Spartanburg, South Carolina. The acquisition expands MMA's presence in South Carolina and brings Steinberg's client-focused employee health, benefits and private client services into MMA; terms were not disclosed.

Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of South Carolina-based The Wills Agency. The deal expands Relation’s footprint in South Carolina and strengthens its personal and commercial lines capabilities; financial terms were not disclosed.

Hub International Limited has acquired the assets of Midland Agency Insurance Corporation, a Columbia, South Carolina-based insurance agency that specializes in agribusiness insurance. The deal (terms undisclosed) will integrate Midland's team into Hub Carolinas and strengthen Hub's agribusiness and specialty insurance capabilities in the region.

High Street Insurance Partners (HSIP) has acquired Maritime Insurance International, a Charleston-based marine insurance agency with four East Coast offices. The deal expands HSIP's marine specialty capabilities and strengthens its presence in the Southeast and other coastal markets.

NFP has acquired East Coast Underwriters, LLC and Blue Ridge Captive Solutions PCC, Inc., enhancing its medical stop loss and self-funded group captive capabilities. The transaction closed December 23, 2021, and Aaron Wilkie, president of East Coast Underwriters and Blue Ridge Captive Solutions, will join NFP as a managing director.

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.

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.

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.

Abry Partners and Hoplon Capital completed the acquisition of Concentrix Corporation’s insurance third‑party administration and software platform and rebranded the business as illumifin. The carve‑out establishes an independent insurance administration and software company led by CEO Phil Ratcliff to provide technology‑enabled services to individual and group insurers.

World Insurance Associates LLC (WIA), a Tinton Falls, New Jersey-based insurance brokerage, acquired Lawrence & Brownlee Agency and John Roberts Insurance Agency of Anderson, South Carolina on April 1, 2021. The transactions expand WIA's local retail and commercial insurance footprint in Anderson; terms were not disclosed.

Propel Insurance, a portfolio company of Flexpoint Ford, has acquired South Carolina-based South Risk Management (SRM), a construction-focused insurance consulting firm. The deal expands Propel's Southeast footprint into South Carolina and strengthens its construction risk practice through the addition of SRM's team and expertise.

Relation Insurance Services, a PE-backed national insurance brokerage, acquired the assets of Clark Farley Insurance Agency, a Columbia, South Carolina-based commercial and personal lines agency. Clark Farley will join Relation’s Main Street/small commercial division, Relation Select, with Clark Farley and Kevin Spencer remaining to lead the agency; terms were not disclosed.

The Hilb Group, LLC (THG) has acquired South Carolina-based McCartha, Cobb & Associates, Inc., effective April 1, 2021. The acquisition brings the McCartha principals into THG’s Southeast region and is intended to strengthen THG’s construction and surety bonds practice in the Southeast.

World Insurance Associates LLC (WIA), a Top 100 insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Strovis Holdings, LLC and its subsidiaries Strovis Insurance, Strovis Payroll & HR, and Strovis Benefits of Georgetown, South Carolina (effective November 1, 2020). The acquisition expands World’s property & casualty and employee benefits capabilities in South Carolina while adding payroll and HR technology and services to its offering; terms were not disclosed.

The Hilb Group, LLC (THG), a Carlyle-backed insurance brokerage, acquired Plan Benefit Services, Inc. (PBSI), an employee benefits consulting and brokerage firm based in West Columbia, South Carolina, with the transaction effective December 1, 2020. Branford Armstrong and PBSI associates joined THG’s Southeast operations and will continue to operate from their West Columbia location as part of THG’s national brokerage platform.

Trean Insurance Group, through its wholly-owned subsidiary Benchmark Holding Company, has completed the acquisition of 7710 Insurance Company and its associated program manager and agency. The deal expands Trean’s specialty insurance footprint by adding a leader in workers’ compensation coverage for the emergency services (fire and EMS) market.

World Insurance Associates LLC (WIA), a national insurance brokerage headquartered in Tinton Falls, New Jersey, acquired The Walker Agency, Inc. (d/b/a Palmetto Insurance) of Anderson, South Carolina, effective October 1, 2020. The acquisition expands WIA's presence in the Southeast and adds a property & casualty-focused agency specializing in auto, home, homebuilders, umbrella, and life insurance to WIA's platform; terms were not disclosed.

Relation Insurance Services, a PE-backed independent insurance brokerage, has acquired the assets of Theodore & Associates Insurance Agency, a Columbia, South Carolina-based insurance brokerage. Theodore will retain its name and leadership (Drew Theodore and Nick Theodore) and operate as a Relation company, expanding Relation's geographic footprint into South Carolina and broadening product and risk-management capabilities for clients.

World Insurance Associates LLC (WIA), a national insurance brokerage, acquired Professional Insurance Consulting, Inc. (PICI) of Fort Mill, South Carolina, effective July 1, 2020. The acquisition expands WIA's presence in South Carolina and adds a commercial-lines agency specializing in pizza shops, non-profit organizations, and the automatic sprinkler industry. Terms were not disclosed.

AssuredPartners, Inc. has acquired Bynum Insurance, a Sumter, South Carolina-based agency specializing in professional and personal insurance solutions. The 20-person agency will continue to operate under CEO Ed Bynum and will gain access to AssuredPartners’ resources and carrier relationships to support growth in South Carolina.