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New Deal


Announced

Completed

The Hilb Group completed the acquisition of Freedom Insurance Center.

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

Single Bidder

insurance products

Friendly

Completed

Property and Casualty Insurance

United States

Majority

Acquisition

Synopsis

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The Hilb Group, a middle-market insurance company, completed the acquisition of Freedom Insurance Center, a property and casualty full–service agency that focuses mostly on homeowners and auto policies for individuals in the state of Florida. Financial terms were not disclosed. "FIC is a strong fit with our growth strategy with proven capabilities in personal insurance that will expand the scope of our solutions in Florida. I am pleased to welcome the FIC team to THG," Ricky Spiro, THG CEO.

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