Hilb Group Adds MillBrook Benefits and Insurance Services To Its Growing List of Massachusetts Acquisitions


East Longmeadow’s MillBrook Advantages and Insurance coverage Companies, LLC is the most recent Massachusetts impartial insurance coverage company to affix The Hilb Group. Based in 2002 by two former business professionals, the partnership is now led by Co-Founder Pete Miller specializing in Well being, Life, Compliance, Worker Advantages, Advantages Administration.

“We’re pleased with the fame for wonderful service and outcomes that we have now established with our purchasers,” stated Pete Miller, “and we’re equally excited to affix the Hilb Group and develop what we provide to our clients and our group.”

A screenshot of the MillBrook Insurance coverage web site

In accordance with the phrases of the transaction, Company Principal Pete Miller and his workforce of insurance coverage professionals will be part of The Hilb Group’s New England regional operations upon completion of the transaction.

“The MillBrook workforce is a terrific instance of a super progress accomplice: skilled options and excellent service,” stated Hilb Group CEO Ricky Spiro. “We’re thrilled to welcome them to the Hilb Group as we proceed to develop our footprint in New England and nationwide.”

THG continues to develop its presence all through New England

The next is an inventory of the Massachusetts-based businesses that the Hilb Group has introduced since 2009. Since Company Checklists solely started reporting on M&As and this company specifically in 2016, the 2015 transaction doesn’t have a hyperlink. As well as, previous to this 12 months we didn’t cowl company acquisitions outdoors Massachusetts, as such, further acquisitions by THG in New England are usually not mirrored under.

THG is now a prime 30 insurance coverage company in the US

Agency Checklists, MA Insurance News, Mass. Insurance News, The Hilb Group, THG, BAR Insurance Needham

Fashioned in Richmond, Virginia in 2009, the Hilb Group has grown exponentially via focused acquisitions within the center market insurance coverage brokerage area. THG now boasts over 90 places of work all through 21 states together with Florida, Kentucky, Maryland, Massachusetts, New York, North Carolina, Tennessee, Texas, Virginia, and West Virginia.

In 2015, The Hilb Group grew to become a portfolio firm of ABRY Companions, a Boston-based fairness fund. In October 2019, The Hilb Group itself was offered to The Carlyle Group in a deal valued at over a billion {dollars}. For these enthusiastic about studying extra about this deal, please seek advice from Company Checklists’ November 5, 2019 article entitled, “The Hilb Group Is Sold To The Carlyle Group.”

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