Acquisitions in Indiana in 2017

The Hilb Group, LLC (a Richmond-based, PE-backed insurance agency) has acquired Insurance Trustees, Inc., an Indiana-based property & casualty and employee benefits agency, effective December 1, 2017. Insurance Trustees will continue to operate from its Garrett, Indiana office under its existing name, joining THG’s growing platform to strengthen the firm’s geographic presence in Indiana.

ACProducts, Inc. (acpi), a portfolio company of American Industrial Partners, has acquired Smart, LLC, a New Paris, Indiana-based manufacturer of stock kitchen and bath cabinets. The transaction adds Smart's manufacturing capability and dealer/distributor network to acpi's existing cabinetry platform, expanding its footprint and product offerings in the residential and institutional housing markets.

Patrick Industries, Inc. completed the acquisition of the business and certain assets of Medallion Plastics, Inc., a custom thermoformer based in Elkhart, Indiana. The transaction (approximately $10 million cash consideration) expands Patrick's thermoforming capabilities and is expected to be immediately accretive to earnings while allowing Medallion to operate under its existing brand and facilities.