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Announced

The Carlyle Group to acquire The Hilb Group from Abry Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Pending

Majority

Single Bidder

insurance brokerage services

Friendly

United States

Insurance Brokers

Acquisition

Private Equity

Domestic

Synopsis

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The Carlyle Group agreed to acquire The Hilb Group, a national insurance broker, from private equtiy firm Abry Partners. Financial terms were not disclosed. "This investment by Carlyle is a strong endorsement of our growth strategy and represents the next exciting chapter for Hilb. Carlyle's additional capital and resources will significantly benefit our company and associates as we grow our business organically and through targeted M&A opportunities," Richard Spiro, Chief Executive Officer at Hilb.

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