Hilb Group has completed the acquisition of a South Carolina‑based property and casualty and employee benefits agency with full‑service risk solution capabilities.
The deal, which marks the US brokerage's 200th transaction since its launch in 2009, became effective Feb. 1. It broadens the firm's footprint and product offering across the Southeast, where it has been steadily building scale.
Part of an active acquisition program
Since Carlyle took a majority stake in 2019, Hilb has accelerated its acquisition activity, using increased financing capacity to pursue bolt‑on deals across multiple regions and specialisms. Over the past two years, it has added retirement and employee benefits businesses as well as additional retail agencies in key growth markets, including the Southeast, Mid‑Atlantic and parts of the Midwest.
The South Carolina transaction fits that pattern. By adding another full‑service agency in the region, Hilb gains additional local distribution, deeper access to commercial and personal lines clients, and further opportunities to cross‑sell employee benefits alongside P&C.
For carriers, the deal contributes to the ongoing consolidation of distribution, with a larger broker partner representing a broader book of regional business. For clients, it potentially brings a wider range of markets and advisory services under a single umbrella, while retaining the local relationships of the acquired agency.
Why the Southeast matters
The Southeast has been a particular focus for many US brokers in recent years, given sustained population growth, new business formation and large‑scale investment in construction, logistics, manufacturing and infrastructure. Those trends have supported demand for commercial P&C, specialty and benefits solutions, even as the region contends with catastrophe‑related property pressures and evolving risk appetites from carriers.
By strengthening its presence in South Carolina, Hilb is positioning itself to capture more of that growth, especially in middle‑market and smaller commercial accounts where regional agencies have traditionally been strong.
Scaling capabilities and services
Although the South Carolina agency has not been named, Hilb described it as having full‑service risk solution capabilities, suggesting a mix of traditional placement and advisory services.
Once integrated into the Hilb platform, the agency’s clients are expected to gain access to a wider set of carriers, specialist programmes and risk management resources, as well as to Hilb’s broader employee benefits and retirement expertise.
“As a testament to the commitment of our team and the continued growth of our company, we are honoured to achieve this milestone,” Hilb Group CEO Richard G. Spiro said. “But we are even more energised by what we have formed together – as one company, with expanding capabilities to offer thorough, innovative solutions for our clients – and equally important, by our future and the many accomplishments that lie ahead.”
Headquartered in Richmond, Virginia, Hilb Group is a national property and casualty and employee benefits insurance brokerage and advisory firm backed by global investment manager Carlyle.
The broker now operates from more than 125 offices in over 30 states and is regarded as one of the more acquisitive platforms in the US mid‑market, pursuing a buy‑and‑build strategy that targets entrepreneurial regional agencies.
