.
MergerLinks Header Logo

Announced

Completed

Carlyle Group-backed Hilb Group completed the acquisition of Oak Ridge Surety Agency.

Financials

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

Tags

Edit

commercial insurance

surety bond programs

Completed

Friendly

Domestic

Majority

United States

Acquisition

Insurance Brokers

business to business services

Single Bidder

Private

Private Equity

Synopsis

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US