.
MergerLinks Header Logo

New Deal


Announced

Completed

Hilb Group completed the acquisition of OceanPoint Insurance.

Financials

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

Tags

Edit

Private

Domestic

Insurance Brokers

insurance agency

Acquisition

Single Bidder

Majority

United States

Friendly

Completed

Synopsis

Edit

Hilb Group, a property and casualty and employee benefits insurance brokerage and advisory firm, completed the acquisition of OceanPoint Insurance, an insurance agency. Financial terms were not disclosed. "Joining the Hilb Group presents an exciting opportunity for our business and those we serve. The partnership we have created will deliver greater access to resources for our agency, our employees, and our customers. We approached this process carefully and realized that the Hilb Group's service-driven culture represented the ideal fit for our team and the customers that depend on us," Doug Mayhew, OceanPoint Principal.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US