Acquisitions in Maryland in 2013

Showing 1 transactions.

  • The Hilb Group Acquires The Pennoyer Group, Inc.
    February 11, 2013
    Buyer
    The Hilb Group, LLC
    Target
    The Pennoyer Group, Inc.
    Seller
    Shareholders of The Pennoyer Group, Inc.
    Industry
    Insurance
    Location
    Maryland, United States
    Type
    Buyout

    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.

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