The Hilb Group's Strategic Expansion: Recent Acquisitions and Future Prospects

In a strategic move to bolster its presence across the United States, The Hilb Group has successfully acquired a property and casualty agency based in Maine, effective from April 1, 2025. This acquisition is in line with the company's ongoing expansion strategy in the New England region. With this addition, The Hilb Group is not only enhancing its property and casualty offerings but also strategically placing itself in an advantageous position for future growth. As a privately held insurance brokerage firm founded in 2009, The Hilb Group has been on a consistent growth trajectory, focusing on broadening its geographical reach and service capabilities.

The recent acquisition in Maine marks just one of several strategic expansions by The Hilb Group in recent months, underscoring its commitment to growth. Earlier, the company fortified its presence in New Hampshire by acquiring a local property and casualty firm, thus strengthening its market position in the New England area. Similarly, The Hilb Group expanded in Texas with the acquisition of another agency, reinforcing its standing in the region known for its growing economy. These steps are part of a broader strategy aimed at capturing significant market share by diversifying its service portfolio and enhancing regional connectivity.

November 2024 saw The Hilb Group acquiring a Louisiana-based property and casualty business, following a successful debt refinancing. The refinancing maneuver increased the company's debt capacity by over $500 million, providing the necessary financial leverage for continued acquisition-led growth. This included an expansion of the company’s revolving credit and delayed draw term loan facilities, which are earmarked for supporting strategic acquisitions and reinforcing financial stability. Such financial tactics showcase The Hilb Group's dedication to sustainable expansion and its forward-thinking approach to managing corporate finance.

The Hilb Group's expansion is not limited to the Northeast and Southern United States. Effective September 1, they completed the acquisition of a Colorado-based worksite enrollment business. This strategic move extends their footprint into the Midwest and opens up opportunities in the Colorado market. Also noteworthy is their acquisition of a Texas-based property and casualty insurance agency, finalized on August 1, which further cements their presence in the Central U.S. Market. With more than 2,200 employees and over 125 offices nationwide, The Hilb Group is committed to supporting its acquisitions with robust resources and expertise. Their growth strategy is fueled by acquiring high-quality agencies that maintain strong leadership and operational independence, ensuring seamless integration and continued success across their diversified portfolio.