Announced
Completed
Financials
Tags
commercial insurance
surety bond programs
Completed
Friendly
Domestic
Majority
United States
Acquisition
Insurance Brokers
business to business services
Single Bidder
Private
Private Equity
Synopsis
Carlyle Group-backed Hilb Group, a property and casualty and employee benefits insurance brokerage and advisory firm, completed the acquisition of Oak Ridge Surety Agency, a company specializes in providing competitive surety bond programs and commercial insurance options to its customers. Financial terms were not disclosed. "We are pleased to welcome Oak Ridge Surety Agency to Hilb Group and together to draw from their trusted market presence and expertise. This addition represents a strong complement to our client offerings and an ideal fit for our growth strategy," Ricky Spiro, Hilb Group CEO.
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