RICHMOND, Va., April 15, 2013 /PRNewswire/ -- The Hilb
Group, LLC ("THG") is pleased to announce the acquisition of Engle,
Paxson & Hawthorne Insurance Services, LLC ("EPH") of
Leesburg, VA. The
transaction was effective April 1,
2013.
(Logo:
http://photos.prnewswire.com/prnh/20130107/NE37471LOGO )
Founded over a century ago, EPH has been providing residents and
business owners in Northern VA, Washington DC and Maryland the best protection for their assets
and health. In 2010, EPH was one of six agencies in the country to
receive the prestigious "Top Performing Agencies" award from the
Independent Insurance Agents and Brokers of America and Reagan
Consulting. This award is given to agencies that serve as role
models in the industry and demonstrate operational excellence and
stellar financial results.
Robert J Hilb, President and CEO of THG said, "We are especially
pleased to announce this transaction and are delighted to welcome
Prescott Engle and his team to THG.
Prescott exemplifies the type of leader we look for when doing a
deal: intelligent, committed and growth oriented; we couldn't be
more excited to welcome him to THG. On the heels of the acquisition
of the Pennoyer Group in nearby Crofton,
MD, THG is building a strong agency presence in the DC metro
area."
Prescott Engle, President of EPH
commented, "Like many agency owners, I wasn't for sale. But after a
few meetings with the THG management team, I knew I could achieve
great things with them while still keeping the entrepreneurial
spirit I love about being a business owner. All of us at EPH are
truly looking forward to joining THG."
The Hilb Group was founded in 2009 by Robert H. Hilb, the former founder, CEO and
Chairman of Hilb, Rogal and Hobbs (NYSE: HRH), and Robert J. Hilb, a former corporate VP of HRH.
The Hilb Group seeks to grow through targeted acquisitions in the
middle market insurance brokerage space. The company is
headquartered in Richmond, VA with
offices in Virginia, North Carolina, Tennessee, Georgia, Maryland and New
York.
Contact: Robert Hilb,
804-414-6505
SOURCE The Hilb Group, LLC