April 1, 2025 – Richmond, VA — The Hilb Group has announced the acquisition of a Maine-based property and casualty insurance agency, effective April 1, 2025. While the name of the acquired firm and financial details were not disclosed, this strategic move marks The Hilb Group’s entry into the Maine market and strengthens its presence across the New England region.
This latest transaction continues a steady cadence of growth for The Hilb Group, which has been actively expanding its property and casualty footprint nationwide. In recent months, the company has completed similar acquisitions in New Hampshire and Texas, further reinforcing its regional coverage. Financial terms for those deals were also not made public.
In November 2024, The Hilb Group acquired a Louisiana-based property and casualty agency, shortly after closing a major debt refinancing. That financial restructuring increased the company’s available debt capacity by more than $500 million and included the expansion of both its revolving credit and delayed draw term loan facilities—capital earmarked to fuel future acquisitions.
Beyond property and casualty insurance, the firm has diversified into other lines of business. On September 1, 2024, The Hilb Group acquired a Colorado-based worksite enrollment company, expanding its footprint in the Midwest and establishing a new presence in Colorado. A month earlier, the firm finalized another property and casualty acquisition in Texas, further solidifying its position in the Central U.S.
Headquartered in Richmond, Virginia, The Hilb Group is a privately held insurance brokerage founded in 2009. The firm provides a broad array of services—including property and casualty insurance, employee benefits, and retirement solutions—to individuals and businesses across the United States. It currently employs over 2,200 professionals and operates more than 125 offices nationwide.
The company’s aggressive growth strategy centers on acquiring well-established insurance agencies that bring strong leadership and operational autonomy. Each acquisition is supported with dedicated resources, capital, and expertise to promote long-term success and continued expansion.
