The Hilb Group (Hilb) has successfully completed a $2 billion financing round, designed to refinance its current debt while expanding its Revolving Credit and Delayed Draw Term facilities. This funding infusion significantly enhances Hilb’s financial flexibility, bringing over $500 million in available debt capacity to support its growth-through-acquisition strategy.
Since Carlyle acquired the company in 2019, the firm has grown with over 150 acquisitions and has built a diversified and fully integrated platform.
Today, Hilb operates over 100 offices across 30 states, employing more than 2,400 associates who serve over 330,000 clients all across the country in the property & casualty as well as employee benefits sectors.
The Virginia-based brokerage group recently continued its expansion spree, with a Colorado-based worksite enrolment business, Texas and Alabama-based property and casualty businesses acquired by the firm during recent times.
This aggressive move for small firms has catapulted Hilb into a strong market position.
Hilb’s CEO highlighted the advantages of the new credit facility, noting that it equips the company with the resources to continue investing in top-tier talent that aligns with Hilb’s values and approach.
The company is also committed to advancing its technology infrastructure and talent development, aiming to enhance both service quality and the range of insurance solutions available to its clients.
