US-based Hilb Group has introduced the acquisition of King and Cushman Company increasing its presence within the property and casualty market of New England.
The monetary worth of the deal was not disclosed.
The acquired agency is predicated in Northampton, Massachusetts and has operated within the space for round 100 years.
It gives property & casualty choices to shoppers in each industrial and private strains of enterprise.
As a part of the deal, company principal Scott King and his group will be part of Hilb Group’s New England regional operations.
King stated: “Becoming a member of the Hilb Group presents an thrilling alternative for our enterprise and people we serve. We stay up for offering the identical native, trusted service, whereas in the end delivering even higher options, sources, and worth to our prospects.”
Hilb Group CEO Ricky Spiro stated: “We’re happy to welcome King and Cushman to the Hilb Group. With a terrific status and long-standing neighborhood ties, they signify an ideal complement to our progress technique of teaming with robust companions who’ve developed strong relationships with their native shopper base. We stay up for our subsequent steps collectively.”
Hilb, which is a portfolio firm of the Carlyle Group, is alleged to have wrapped up over 135 acquisitions with greater than 100 workplaces in 22 states of the nation.
In June, Hilb purchased Howe-LaGrange Insurance coverage Company and Reick Insurance coverage Company to strengthen its presence throughout Indiana and the Midwest within the US.