The Hilb Group, a Richmond, Virginia-based insurance brokerage firm, has acquired an unnamed Maine-based property and casualty agency effective April 1, 2025. While financial terms of the deal remain undisclosed, this acquisition marks the company’s continued expansion in the New England region. The move adds Maine to The Hilb Group’s growing portfolio of property and casualty offerings.
This latest acquisition follows several recent deals that have bolstered the company’s property and casualty business. In recent months, The Hilb Group acquired a New Hampshire-based property and casualty firm and a Texas-based property and casualty agency. The company also completed the acquisition of a Louisiana-based property and casualty business in November 2024, effective November 1. This Louisiana deal came shortly after the company successfully refinanced its debt, increasing its available debt capacity by over $500 million. The refinancing included expanding both its revolving credit and delayed draw term loan facilities, positioning the company for future strategic acquisitions.
The Hilb Group’s growth strategy focuses on acquiring high-quality insurance agencies that maintain strong leadership and operational independence. The company supports these acquisitions with necessary resources, capital, and expertise to drive further expansion. Founded in 2009, The Hilb Group now employs over 2,200 people across more than 125 offices nationwide, providing property and casualty insurance, employee benefits, and retirement services to businesses and individuals across the United States.
