The Hilb Group has acquired a South Carolina-based retirement plan book of business, expanding its footprint within the Southeast region. The transaction became effective July 1.
The acquisition is part of the company’s continued expansion strategy in the region and adds to its portfolio of insurance and advisory services. The acquired book of business will be integrated into Hilb Group’s Southeast operations, where it will contribute to the firm’s existing retirement and employee benefits offerings.
Hilb Group, based in Richmond, Va., operates as a property and casualty and employee benefits insurance brokerage and advisory firm. It is a portfolio company of global investment firm The Carlyle Group.
Since its founding, Hilb Group has completed more than 190 acquisitions and currently maintains over 125 offices across 32 states.
In November 2024, Hilb Group acquired a Louisiana-based property and casualty insurance firm. The deal followed a refinancing effort that increased Hilb’s acquisition funding by more than $500 million.
A month earlier, the firm added an Alabama-based property and casualty business to its holdings. The acquisition took effect Oct. 1 and added to a broader slate of transactions that year, which included deals in Rhode Island, Colorado, New England, and Texas.
Last year also saw Hilb completing a Texas property and casualty agency acquisition on Aug. 1. That deal advanced the company’s strategy of establishing deeper regional operations in Central US markets, contributing to its broader geographic diversification.
In February, the company added a New Hampshire-based property and casualty agency. The acquisition expanded Hilb’s position in New England, a region where it has made several recent moves to increase distribution and local expertise.
The firm also broadened its Mid-Atlantic presence through its April acquisition of a Maryland-based employee benefits company, alongside a separate transaction involving a Maine-based property and casualty agency. Both deals were finalized on April 1 and support the company’s dual focus on benefits consulting and risk placement.
What are your thoughts on this story? Please feel free to share your comments below.
