The Hilb Group (THG), a middle market insurance agency headquartered in Virginia, has acquired New York-based Bentson Insurance Group.
Terms of the deal, which is effective 1 May 2018, were not disclosed.
Founded in 1948, Bentson Insurance specialise in home and business insurance in addition to group benefits insurance.
As per the agreement, Bentson Insurance Group principal Bob Bentson will continue to manage the agency’s associates under their current name.
Bentson said: “Joining THG will allow us to continue providing our community the same top-notch service with the expanded resources of a national organisation. With our core values and business goals aligned, it is hard to imagine a more suitable fit.”
The Hilb Group CEO Ricky Spiro said: “The addition of Bentson Insurance Group allows us to continue our growth in the region while bringing additional depth and expertise to our existing operations in the Tri-State Area.
“We have found a great partner within a great community and look forward to working with Bob and his fantastic team.”
Established in 2009, Hilb Group is a portfolio company of Boston-based private equity company Abry Partners.