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The Hilb Group Acquires Marsh-Kemp Insurance Agency
Thursday 14 March 2019

14 March 2019 - US-based middle market insurance agency The Hilb Group, LLC has acquired Massachusetts, US-based Marsh-Kemp Insurance Agency, Inc., the company said.

Terms of the deal were not disclosed.

Established in 1912, MK provides clients with a variety of personal and business insurance options. 

Thomas McLear, Agency Leader, will continue to lead MK's associates out of the existing locations in Worcester and Auburn.

The Hilb Group is a middle market insurance agency headquartered in Richmond, Virginia and is a portfolio company of Boston-based private equity firm, Abry Partners.

Hilb seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has 72 offices in 17 states.
Details
Date Published: 14/03/2019
Target: Marsh-Kemp Insurance Agency
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: The Hilb Group
Comment:
Terms of the deal were not disclosed

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