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

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.