In a strategic move to bolster its presence in the Mid-Atlantic region, The Hilb Group has successfully acquired an employee benefits business based in Maryland. The acquisition, finalized on April 1, 2025, marks a significant step in the firm's ongoing expansion efforts within the employee benefits sector. While details regarding the company name and financial terms remain undisclosed, the impact of this acquisition is poised to enhance the firm's offering in this key market area.

Hilb Group's strategic acquisitions reinforce its position as a formidable player in the national insurance landscape.

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Based in Richmond, Virginia, The Hilb Group operates as a prominent national insurance brokerage and advisory entity, providing a comprehensive range of services in property, casualty, and employee benefits. As a valued portfolio company of The Carlyle Group, a distinguished global investment firm, Hilb Group employs a growth strategy that seamlessly integrates organic development with acquisition undertakings. This strategy is effectively supported by centralized resources on a broad national platform. Up to this point, the company has achieved over 180 successful acquisitions and maintains more than 125 offices spread across 31 states, illustrating a robust and adaptable expansion model.

The recent acquisition of the Maryland-based business forms part of Hilb Group's larger plan to expand regional capabilities and market reach. Concurrently, on April 1, the firm acquired a property and casualty agency in Maine, thus marking its entry into this new state and reinforcing its foothold in the New England region. These actions are consistent with preceding moves, such as the acquisition of a New Hampshire-based property and casualty firm, followed by a Texas-based agency, underscoring the company's ongoing commitment to investing and expanding within its property and casualty services realm.

In addition to its acquisition endeavors, Hilb Group has been proactive in broadening its financial infrastructure to support future growth. Notably, following a significant refinancing initiative in November 2024, the firm increased its available debt capacity by over $500 million. This included expanding revolving credit facilities and establishing a delayed draw term loan, specifically intended to fund upcoming acquisitions. Furthermore, the company's expansion ventures are accompanied by moves into new business domains, as evidenced by their entry into the Midwest market through the acquisition of a worksite enrollment firm in Colorado in September 2024. Together, these strategic initiatives are expected to solidify Hilb Group's standing as a major player in the national insurance industry.