Hilb Group Expands Its Market Share with New Florida Agency Acquisition

Hilb Group Acquires a Florida-Based Full-Service Agency

In a strategic move to enhance its offerings and presence in the insurance market, the Hilb Group has officially acquired a full-service insurance agency located in Florida, effective July 1, 2025. This acquisition marks a significant expansion for the Hilb Group as it seeks to deepen its roots in the state and improve service delivery for its established and prospective clients.

Overview of the Hilb Group

The Hilb Group, headquartered in Richmond, Virginia, is a prominent property and casualty as well as employee benefits insurance brokerage. With a robust portfolio, the company is under the ownership of The Carlyle Group, a renowned global investment firm. Over the years, Hilb Group has solidified its reputation by successfully completing over 190 acquisitions across 32 states, and currently operates more than 125 offices nationwide.

This particular acquisition in Florida aligns with Hilb Group's commitment to growth through strategic acquisitions, allowing for an expanded range of products and services. The insurance landscape is highly competitive, and this move positions Hilb Group to better serve the diverse needs of Florida's residents and businesses.

Driving Growth through Strategic Acquisitions

The Hilb Group has consistently focused on growth through a combination of organic strategies and partnerships. By merging with local businesses, they leverage local market expertise while providing additional resources to drive organic growth. The Florida-based agency will serve as a significant addition to their existing services, bringing local insights and established relationships.

According to internal sources, the Hilb Group's management intends to utilize its financial backing and expertise to foster further growth within the acquired agency. This acquisition is not just about expanding market share; it involves enhancing customer service and offering a wider array of insurance products. Hilb Group aims to integrate its operational model with the Florida agency’s existing processes to ensure a seamless transition and continued service excellence.

Recognition and Future Prospects

The Hilb Group's excellence has been recognized within the industry, as evidenced by its accolades. The company has been rated one of the Fastest Growing Brokers by Business Insurance and has been acknowledged as one of America’s Fastest Growing Private Companies in the Inc. 5000 list. These achievements reflect the company's commitment to outstanding service delivery and client satisfaction.

Moving forward, Hilb Group plans to strengthen its foothold in Florida through this new acquisition while exploring other opportunities in the Southern United States. The firm’s strategic growth plan focuses on capitalizing on the mounting opportunities within the insurance market, with the ultimate goal of becoming a leading provider in the region.

Conclusion

This acquisition of the Florida-based agency signifies a pivotal step for the Hilb Group, not only in solidifying its market position but also in enhancing its service offerings. As they continue to expand, the emphasis will be on leveraging their existing capabilities while exploring new avenues for growth. Hilb Group is excited to embark on this journey with their new Florida team and is dedicated to fostering relationships that benefit their clients.

For those interested in learning more about the Hilb Group’s initiatives, career opportunities, and recent updates, visiting their official website provides comprehensive information.