Hilb Group adds Louisiana-based property and casualty agency
The acquisition extends the Carlyle-backed broker's property and casualty network into Louisiana for the first time, deepening its footprint in the Central region.
Takeaways
- Louisiana-based property and casualty agency is a property and casualty insurance agency.
- Hilb Group is acquiring Louisiana-based property and casualty agency with backing from Carlyle Group.
- The target serves insurance across Louisiana.
Hilb Group added a Louisiana-based property and casualty insurance agency, expanding the Carlyle-backed brokerage's footprint into the state.
The deal extends the platform's reach into the Central region and continues its strategy of consolidating independent insurance agencies.
Headquartered in Richmond, Virginia, Hilb Group operates more than 125 offices across 32 states, offering property and casualty and employee benefits brokerage and advisory services.
Hilb Group has been actively consolidating the insurance brokerage industry through acquisitions, building scale and expanding its geographic reach.
The firm, a portfolio company of The Carlyle Group, pursues a strategy of acquiring agencies and providing resources to drive organic growth.
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