Tracked deals
47
47 tracked deals across 2019-2025.
Insurance Buyers & Acquisitions in Virginia
Buyer mix
Strategic-led
43 strategic · 5 pe
Top trend
Volume peaked in 2021
13 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Virginia-based targets range from employee benefits advisers and senior living specialists to independent property & casualty agencies.
- Roll-up strategy is prominent, with buyers combining local client relationships and teams with broader infrastructure and service continuity.
- Capability expansion appears frequently—especially in employee benefits (including integrated benefits administration technology) and in-house risk management and claims advocacy.
- Platform and technology integration is a recurring deal framing, from embedded partnership acceleration to brokerage workflow tools.
- Sector specialization shows up as well, including agricultural and crop insurance alongside more general personal and commercial lines.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| World Insurance Associates LLC | 8 | National insurance brokerage and financial services firm ... | Strategic (PE-backed) |
| Hub International Limited | 4 | Leading full-service global insurance broker and financia... | Strategic (PE-backed) |
| Choice Financial Group | 3 | Insurance agency and broker providing property & casualty... | Strategic (PE-backed) |
| Hilb Group | 3 | Property & casualty and employee benefits insurance broke... | Strategic (PE-backed) |
| OneDigital | 3 | National health, retirement/wealth and HR advisory firm a... | Strategic |
| Trucordia | 3 | National insurance brokerage offering commercial and pers... | Strategic (PE-backed) |
| Arthur J. Gallagher & Co. | 2 | Global insurance brokerage, risk management and consultin... | Strategic |
| Ensurise, LLC | 2 | Independent insurance brokerage that partners with local ... | Strategic |
| King Risk Partners | 2 | National insurance brokerage offering property & casualty... | Strategic |
| Northlane Capital Partners | 2 | Middle-market private equity firm focused on healthcare a... | PE |
Acquisition Volume in Insurance in Virginia by Year
Last 7 years
Supporting Data
Recent Transactions
-
December 31, 2025
- Buyer
- J.C. Flowers & Co.
- Target
- Elephant Insurance Company, Elephant Insurance Services
- Seller
- Admiral Group plc
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
J.C. Flowers & Co., a private investment firm focused on financial services, has acquired Admiral Group’s U.S. motor insurance business—Elephant Insurance Company and Elephant Insurance Services—effective 31 December 2025. Admiral sold the business to focus on opportunities in the UK and continental Europe while J.C. Flowers plans to support Elephant’s growth in the U.S. personal auto market.
-
December 17, 2025
- Buyer
- NFP
- Target
- Alan J. Zuccari, Inc. dba Hamilton Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
NFP, an Aon company, has acquired Alan J. Zuccari, Inc. dba Hamilton Insurance Agency, a Fairfax, Virginia-based insurance brokerage specializing in senior living and long-term care. The deal brings Hamilton's risk management, integrated benefits administration technology (BeneLink Connect) and Electronic Risk Management Assistant into NFP's platform to expand capabilities for senior housing and long-term care clients.
-
October 14, 2025
- Buyer
- King Risk Partners
- Target
- Jenkins Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
King Risk Partners, a national insurance brokerage based in Gainesville, Florida, has acquired Jenkins Insurance, an independent agency in Harrisonburg, Virginia, to expand its footprint in the state. The acquisition is intended to combine Jenkins' local client relationships and service with King's scale and infrastructure while maintaining continuity for clients.
-
August 27, 2025
- Buyer
- ALKEME Insurance
- Target
- D&S Agency
- Seller
- Bill Kite, Amanda Dammann
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
ALKEME Insurance, a PE-backed national insurance brokerage based in Ladera Ranch, California, has acquired D&S Agency, an employee benefits-focused agency headquartered in Hardy, Virginia. The deal expands ALKEME's benefits expertise and East Coast presence while allowing D&S to retain local focus with access to ALKEME's national resources.
-
August 6, 2025
- Buyer
- ALKEME
- Target
- Innovative Insurance Group
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
ALKEME, a national insurance brokerage based in Ladera Ranch, California, has acquired Innovative Insurance Group, one of Virginia's largest independent insurance agencies. The deal expands ALKEME's East Coast footprint and brings Innovative's team and eight Virginia locations into ALKEME's growing national network.
-
May 6, 2025
- Buyer
- Trucordia
- Target
- Huffman Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Trucordia has acquired the insurance business of Huffman Insurance, a family-owned agency with offices in Lexington, Staunton and Covington, Virginia. The acquisition expands Trucordia's East Coast presence as the Lindon, Utah-based brokerage integrates Huffman's personal and commercial lines capabilities into its national platform.
-
December 18, 2024
- Buyer
- Choice Financial Group
- Target
- Employee Benefits of Virginia
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Choice Financial Group, a Virginia Beach–headquartered insurance agency backed by Northlane Capital Partners, has acquired Employee Benefits of Virginia, a Richmond-area employee benefits advisory firm. The deal expands Choice's employee benefits capabilities and strengthens its presence in the Mid-Atlantic (Virginia) market.
-
December 17, 2024
- Buyer
- Trucordia
- Target
- Richard King Insurance Agency (insurance business)
- Seller
- Richard King Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of the family-owned Richard King Insurance Agency in Powhatan, Virginia. The acquisition is part of Trucordia’s ongoing roll-up strategy to expand its footprint and service offerings by integrating high-growth, client-focused local brokerages.
-
December 10, 2024
- Buyer
- Trucordia
- Target
- Archibald Insurance
- Seller
- Archibald Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the insurance business of Archibald Insurance, which operates offices in Richmond, Midlothian and North Chesterfield, Virginia. The deal brings Archibald's client base and local operations into Trucordia's integrated platform to expand coverage offerings, pricing competitiveness and value-added services like in-house risk management and claims advocacy.
-
September 17, 2024
- Buyer
- King Risk Partners
- Target
- Coates Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
King Risk Partners, a top-100 national insurance broker based in Gainesville, Florida, has acquired Coates Insurance Agency of Glenn Allen, Virginia. The deal expands King Risk Partners' East Coast footprint and brings Coates' 25-year local personal and commercial insurance business into King’s platform to enhance resources and client service.
-
Arthur J. Gallagher & Co. Acquires FarmPLUS Insurance Services (Shelton & Alderson Insurance Agency)February 1, 2024
- Buyer
- Arthur J. Gallagher & Co.
- Target
- Shelton & Alderson Insurance Agency, Inc. (dba FarmPLUS Insurance Services)
- Seller
- Tim Alderson, Amy Alderson, Shelton & Alderson Insurance Agency, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Arthur J. Gallagher & Co. (Gallagher) has acquired Blairs, Virginia–based Shelton & Alderson Insurance Agency, Inc., which does business as FarmPLUS Insurance Services. The retail agency provides agricultural and crop insurance across Virginia, North Carolina and South Carolina; the sellers Tim Alderson and Amy Alderson and their team will remain in place under Gallagher's Southeast retail P/C leadership.
-
November 2, 2023
- Buyer
- Evertree Insurance Services, LLC
- Target
- Prosper Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Evertree Insurance Services has acquired Virginia Beach-based Prosper Insurance, finalizing the transaction on November 1, 2023. The deal expands Evertree's Mid-Atlantic footprint and brings Prosper's technology and ~99-person team onto Evertree's tech-enabled personal-lines brokerage platform to accelerate embedded partnership capabilities nationwide.
-
- Buyer
- Hub International Limited
- Target
- Asset Protection, Inc. (d/b/a Asset Protection Group, Inc.)
- Seller
- Asset Protection, Inc. (Monty Dise, President & Owner)
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Hub International Limited acquired the assets of Asset Protection, Inc. (d/b/a AP Group), a Midlothian, Virginia insurance agency that specializes in coverage for dentists, oral surgeons, physicians and other professionals. The AP Group team led by Monty Dise will join Hub Mid-Atlantic as Hub strengthens its healthcare insurance capabilities; terms were not disclosed.
-
- Buyer
- World Insurance Associates LLC
- Target
- Young Insurance Agency Group, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
World Insurance Associates LLC (World), a nationally ranked insurance brokerage headquartered in Iselin, New Jersey, acquired the business of Young Insurance Agency Group, Inc. of Portsmouth, Virginia effective July 1, 2023. Terms were not disclosed; World said the acquisition will allow Young Insurance to offer customers expanded products and services as part of World’s national platform.
-
- Buyer
- Arthur J. Gallagher & Co.
- Target
- The Andersen Group
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Arthur J. Gallagher & Co. has acquired Chantilly, Virginia-based retail insurance agency The Andersen Group. The Andersen Group will operate under Gallagher's Mid-South retail property/casualty brokerage operations to enhance Gallagher's capabilities in the greater Washington, D.C. market; terms were not disclosed.
-
March 27, 2023
- Buyer
- Insurify, Inc.
- Target
- Inspop USA, LLC, Compare.com Insurance Agency, LLC (Compare.com)
- Seller
- Admiral Group plc, Inspop USA, LLC
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Insurify has completed the acquisition of Inspop USA, LLC and its subsidiary Compare.com, bringing the established online auto insurance comparison brand and team into Insurify's platform. The deal strengthens Insurify's consumer reach, technology and carrier relationships while Admiral Group — founder of Compare.com — retains a minority stake in Insurify and remains a strategic shareholder.
-
December 16, 2022
- Buyer
- Ensurise, LLC
- Target
- Abby Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Ensurise, LLC acquired Abby Insurance Agency (effective December 16, 2022), bringing the Franklin, Virginia independent property & casualty brokerage into Ensurise’s Mid‑Atlantic agency network. Abby Insurance Agency will continue operating from its Franklin office as Ensurise expands its footprint and capabilities in Virginia.
-
December 8, 2022
- Buyer
- Highstreet Insurance Partners
- Target
- Clarke & Sampson Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Highstreet Insurance Partners (HSIP), a Traverse City, Michigan-based insurance consolidator, has acquired Alexandria, Virginia-based Clarke & Sampson Insurance, a third-generation independent insurance agency founded in 1946. The acquisition expands Highstreet's local capabilities and specialty offerings (including political, trade union and nonprofit coverage) as part of its ongoing roll-up strategy.
-
October 13, 2022
- Buyer
- OneDigital
- Target
- GHC Associates, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
OneDigital has acquired GHC Associates, Inc., a benefits brokerage and HR consulting firm based in Alexandria, Virginia. The deal expands OneDigital's benefits capabilities and regional presence in the DC–Maryland–Virginia market, transitioning over seventy client groups onto the OneDigital platform.
-
October 11, 2022
- Buyer
- AssuredPartners, Inc.
- Target
- Quest Benefits, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
AssuredPartners, Inc., a national insurance brokerage headquartered in Orlando, Florida, has acquired Quest Benefits, Inc., an employee benefits and insurance agency based in Chantilly, Virginia. The Quest team will remain led by President Sami Satouri as AssuredPartners expands its capabilities and client offerings in the DC–Maryland–Virginia (DMV) area.
-
September 27, 2022
- Buyer
- Choice Financial Group
- Target
- Parker Reigle Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
Choice Financial Group, a PE-backed insurance agency consolidator, has acquired Parker Reigle Insurance Agency of Chesapeake, Virginia. The deal is an add-on to Choice’s platform (backed by Northlane Capital Partners) intended to expand Choice’s presence in southeastern Virginia while keeping founder June Reigle in an operational role.
-
December 31, 2021
- Buyer
- World Insurance Associates LLC
- Target
- Mid Atlantic Insurance Group
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
World Insurance Associates LLC, a Top 100 insurance brokerage based in Tinton Falls, New Jersey, acquired Mid Atlantic Insurance Group, a Richmond, Virginia-based commercial wholesaler specializing in workers' compensation, on December 31, 2021. Terms were not disclosed; WIA said the acquisition will expand its carrier relationships and workers' compensation capabilities.
-
December 31, 2021
- Buyer
- World Insurance Associates LLC
- Target
- Steve Love Insurance Agency
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
World Insurance Associates LLC, a Top 100 insurance brokerage headquartered in Tinton Falls, New Jersey, acquired Steve Love Insurance Agency of Virginia Beach, Virginia on December 31, 2021. Terms were not disclosed; the target provides personal (auto, home, life) and business insurance and will continue operating as part of WIA.
-
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.
-
November 2, 2021
- Buyer
- Northlane Capital Partners
- Target
- Choice Financial Group
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Growth capital
Northlane Capital Partners (NCP) has made an investment in Choice Financial Group, a Virginia Beach–based insurance agency, partnering with founder and president Richard Braun. The capital will support Choice’s acquisition-driven growth strategy and add operating resources (including the addition of industry executive Bob Hilb); Madison Capital Funding provided debt financing for the transaction.
-
October 15, 2021
- Buyer
- Ensurise LLC
- Target
- Gerczak Insurance Agency, Inc. (property and casualty business)
- Seller
- Gerczak Insurance Agency, Inc., Gary R. Gerczak
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Effective October 15, 2021, independent brokerage Ensurise LLC acquired the property and casualty insurance brokerage business of Gerczak Insurance Agency, Inc. The deal expands Ensurise's presence in the Mid-Atlantic region and transfers P&C client relationships and staff to Ensurise while allowing Gerczak to focus on life and health advisory work.
-
September 9, 2021
- Buyer
- OneDigital
- Target
- Virginia Medical Plans / Katz Insurance Group
- Seller
- Jon Katz
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
OneDigital has acquired Virginia Medical Plans / Katz Insurance Group, a Herndon, Virginia-based health and life insurance agency. The small firm’s seven employees and roughly 3,500 customers will join OneDigital as the buyer expands scale and capabilities in the Mid‑Atlantic region.
-
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.
-
- Buyer
- New Enterprise Associates, Inc.
- Target
- AllyAlign Health
- Seller
- Health Enterprise Partners
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Recapitalization
An investment syndicate led by New Enterprise Associates, Inc. completed a significant recapitalization of AllyAlign Health, a Medicare Advantage insurer focused on residents of senior housing communities. Health Enterprise Partners, an existing investor and founder backer, partnered with AllyAlign since inception; terms of the recapitalization were not disclosed and the capital is intended to support scaling the company's model across skilled nursing and senior housing.
-
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.
-
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.
-
- 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.
-
- Buyer
- Hub International Limited
- Target
- Pete Webb Agency
- Seller
- Pete Webb
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Hub International Limited has acquired the insurance brokerage assets of the Pete Webb Agency, a Fredericksburg, Virginia-based agency that provides personal and commercial insurance (home, auto, life and business). The Pete Webb team will join Hub Mid-Atlantic and continue operating from its Fredericksburg location; financial terms were not disclosed.
-
March 24, 2021
- Buyer
- OneDigital
- Target
- Your Benefits Partner, LLC
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
OneDigital has acquired Your Benefits Partner, LLC, a Glen Allen/Richmond, Virginia-based employee benefits and HR consulting firm, to expand its capabilities and scale across the Mid-Atlantic region. The Your Benefits Partner team will integrate with OneDigital’s Richmond office and founder Debbie Stocks will join OneDigital as Principal, Senior Client Executive, giving clients access to OneDigital’s broader benefits, HR consulting, technology and retirement/wealth solutions.
-
December 2, 2020
- Buyer
- BRP Group, Inc. (Baldwin Risk Partners / The Baldwin Group)
- Target
- Armfield, Harrison & Thomas, Inc. (AHT Insurance)
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
BRP Group, Inc. (NASDAQ: BRP) has entered into a partnership to acquire Armfield, Harrison & Thomas, Inc. (AHT), a Leesburg, Virginia-based insurance brokerage, converting AHT into part of BRP's middle-market operating group. AHT brings approximately $52M in annual revenues, expanded geographic scale in the Pacific Northwest, Mid-Atlantic and Northeast, and AHT CEO David Schaefer will serve as a Regional President within BRP's middle-market group.
-
November 3, 2020
- Buyer
- Hub International Limited
- Target
- The Olson Insurance Agency LLC, Insure All, LLC
- Seller
- Max Olson, Michael Forney
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Hub International Limited acquired the insurance brokerage assets of The Olson Insurance Agency LLC and Insure All, LLC, both Virginia-based agencies. The agencies' owners (Max Olson and Michael Forney) and their employees will join Hub Mid-Atlantic; terms were not disclosed.
-
November 1, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Tucker Insurance Service, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
World Insurance Associates LLC (WIA) acquired Tucker Insurance Service, Inc., a Falls Church, Virginia-based full-service insurance agency, effective November 1, 2020; terms were not disclosed. WIA said the acquisition establishes its presence in Northern Virginia and will allow Tucker to leverage WIA's resources and network to enhance service levels and grow customer acquisition.
-
- Buyer
- World Insurance Associates LLC
- Target
- Danaher-Skewes & Associates, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a nationally ranked insurance brokerage, acquired Danaher-Skewes & Associates, Inc., an independent insurance agency headquartered in Manassas, Virginia, effective November 1, 2020. Terms were not disclosed; the deal expands WIA’s presence in Northern Virginia and adds Danaher-Skewes’ local personal and commercial insurance capabilities to WIA’s platform.
-
October 6, 2020
- Buyer
- Hub International Limited
- Target
- WFG Benefits, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Hub International Limited acquired the assets of WFG Benefits, Inc., a McLean, Virginia-based insurance and employee benefits planning firm. The acquisition, announced October 6, 2020, expands Hub’s Mid-Atlantic benefits capabilities and geographic footprint; terms were not disclosed.
-
October 1, 2020
- Buyer
- World Insurance Associates LLC
- Target
- Hampton Insurance Agency, LLC
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
World Insurance Associates LLC (WIA), a national insurance brokerage, acquired Hampton Insurance Agency, LLC, a property & casualty agency based in Hampton, Virginia, on October 1, 2020. The acquisition expands WIA's presence in Tidewater Virginia and adds Hampton Insurance's transportation-focused P&C expertise to WIA's platform; terms were not disclosed.
-
July 8, 2020
- Buyer
- Specialty Program Group LLC (SPG)
- Target
- Beacon Hill Associates, Inc., PartnerOne (P1) environmental underwriting division
- Seller
- Beacon Hill Associates, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Divestiture
Specialty Program Group LLC (SPG), a Summit, New Jersey–based operator of specialty insurance brokerages and underwriting facilities, acquired the assets of Virginia-based Beacon Hill Associates, Inc., including its PartnerOne (P1) environmental underwriting division. The acquisition — terms undisclosed — will allow SPG to launch and expand an environmental insurance platform while current Beacon Hill leadership will continue to run operations within SPG's wholesale division.
-
July 8, 2020
- Buyer
- CBIZ, Inc.
- Target
- Prince-Wood Insurance, L.L.C.
- Seller
- Prince-Wood Insurance, L.L.C.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
CBIZ, Inc. acquired substantially all of the assets of Prince-Wood Insurance, L.L.C. (PWI) of Woodbridge, Virginia, effective July 1, 2020. The acquisition expands CBIZ's property and casualty insurance capabilities and client footprint in Northern and Central Virginia, Maryland and Washington, DC; PWI had seven employees and approximately $1.2 million in annual revenue.
-
- Buyer
- World Insurance Associates LLC
- Target
- Lindberg & Associates Insurance
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
World Insurance Associates LLC (WIA), a Top 100 insurance brokerage based in Tinton Falls, New Jersey, acquired Lindberg & Associates Insurance of Poquoson, Virginia, effective July 1, 2020. Lindberg & Associates, an independent agency specializing in property & casualty and employee benefits with expertise in petroleum insurance and specialty contractors, will operate as a unit of WIA with founder Jim Lindberg joining WIA as Manager of the Lindberg unit.
-
- Buyer
- Worldwide Facilities, LLC
- Target
- Royal Oak Underwriters, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Worldwide Facilities, a national wholesale insurance broker and program underwriter, acquired Royal Oak Underwriters, an excess and surplus lines insurance wholesaler based in Richmond, Virginia. The deal expands Worldwide Facilities’ geographic footprint and specialty product offerings across several East Coast states, strengthening its MGA/MGA distribution capabilities.
-
February 18, 2020
- Buyer
- Risk Strategies
- Target
- UNIRISC, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
Risk Strategies, a privately held national insurance brokerage and risk management firm, has acquired UNIRISC, Inc., a specialist in relocation insurance and claims administration based in Arlington, Virginia. Terms were not disclosed; the acquisition adds UNIRISC's brokerage and third-party administrator capabilities—serving corporate relocation programs and private individuals—to Risk Strategies' specialty offerings.
-
December 1, 2019
- Buyer
- The Hilb Group, LLC
- Target
- Kerr-Boswell, Inc.
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Addon
The Hilb Group, LLC (THG), a Richmond-based middle-market insurance brokerage and portfolio company of The Carlyle Group, acquired Bristol, Virginia-based Kerr-Boswell, Inc., effective December 1, 2019. Kerr-Boswell's staff will continue operating from their Bristol location under THG's Abingdon, VA operations as part of THG's strategy to expand its regional footprint in Virginia.
-
October 30, 2019
- Buyer
- The Carlyle Group
- Target
- The Hilb Group
- Seller
- Abry Partners
- Industry
- Insurance
- Location
- Virginia, United States
- Type
- Buyout
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.
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Frequently Asked Questions
Which companies are repeatedly involved in Virginia insurance acquisitions?
Several buyers recur in the Virginia deals, including Trucordia and King Risk Partners, along with other recurring names such as World Insurance Associates LLC, Hub International Limited, OneDigital, and Choice Financial Group.
What types of insurance businesses are being acquired in Virginia?
The listed transactions include independent insurance agencies and employee benefits advisory firms, including senior living and long-term care specialists, plus agricultural/crop-focused insurance operations.
Are these deals typically focused on personal lines, commercial lines, or both?
Both are represented in the Virginia transactions. Some deals explicitly reference personal auto or personal lines platform expansion, while others emphasize broader brokerage services covering personal and commercial insurance.
Do the acquisitions in Virginia focus only on local agencies, or do they add technology and services too?
Many transactions include expanded capabilities beyond the agency footprint—for example, integrated benefits administration technology, risk management support, claims advocacy, and technology-enabled brokerage platform capabilities.
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