RICHMOND, Va., Oct. 16, 2019 /PRNewswire/ -- The Hilb Group, LLC
("THG") announced today the acquisition of New Jersey-based New Agency Partners ("NAP").
The transaction became effective October 1,
2019.
NAP is a full-service insurance brokerage in Parsippany, New Jersey providing business
insurance, employee benefits and personal insurance to clients
throughout the Tri-State region. The NAP team will continue to
operate out of their current office location under the existing
agency leadership of Andy Merkin, Bruce
Wilson and Steve Peck.
"THG is a highly regarded national insurance brokerage that will
enable us to provide additional resources for both our clients and
associates," said Andy Merkin. "I speak for my entire team by
saying we look forward to becoming a part of a highly collaborative
group that shares our values and commitment to service
excellence."
"The NAP team offers THG a complementary product and service mix
and helps us to further build our presence in the Tri-State
region," said Ricky Spiro, CEO of
THG. "I am delighted to welcome Andy, Bruce, Steve and their
associates to our growing team."
About the Hilb Group: The Hilb Group is a leading middle
market insurance agency headquartered in Richmond, Virginia and is a portfolio company
of Boston-based private equity
firm, Abry Partners. The Hilb Group seeks to grow through targeted
acquisitions in the middle market insurance brokerage space. The
company now has over 85 offices in 21 states. Please visit our
website at: http://hilbgroup.com.
Media Contact:
Margaret Clary
804-205-1209
mclary@hilbgroup.com
M&A Contact:
Ryan Havermann
804-414-6508
rhavermann@hilbgroup.com
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SOURCE The Hilb Group, LLC