Hilb Group Expands Its Market Reach in Southeast with New Acquisition

Hilb Group Expansion in the Southeast

The Hilb Group, a notable player in the insurance brokerage and advisory sector, has announced its expansion in the Southeast region by acquiring a retirement plan book of business based in South Carolina. This strategic move, effective July 1, 2025, marks another step in the company's growth journey, further solidifying its footprint in the competitive market.

Acquisition Details

The acquisition not only enhances Hilb Group’s service offerings but also reflects its commitment to broadening its market share and maintaining a competitive edge. Acquiring a local retirement plan business allows Hilb Group to leverage established relationships and client trust in the region, ensuring a smoother integration process. The move is expected to create synergies that can lead to improved services and products tailored to the needs of clients in South Carolina.

Background of Hilb Group

Founded and headquartered in Richmond, Virginia, Hilb Group is known for its expertise in property, casualty, and employee benefits insurance. As a rapidly growing firm, it has successfully completed over 190 acquisitions, showcasing its aggressive strategy for expansion. The company operates more than 125 offices across 32 states, demonstrating its robust national presence.

Hilb Group is backed by The Carlyle Group, a global investment firm, which affords it additional resources and support necessary for growth. This backing allows Hilb to capitalize on opportunities promptly, helping it remain a vital player in the insurance and advisory sector.

Recognition and Growth

The company's impressive growth trajectory has not gone unnoticed. Hilb Group has been recognized by industry observers, earning accolades such as being named one of the Fastest Growing Brokers by Business Insurance and a Top Property/Casualty Agency by Insurance Journal. Furthermore, it has made the Inc. 5000 list of America’s Fastest Growing Private Companies, which underscores its successful business model and operational strategy.

In addition to expanding through acquisitions, Hilb Group aims to drive organic growth within its existing agencies by utilizing its expertise and resources efficiently. This holistic approach not only diversifies its offerings but also enhances client engagement and satisfaction, key components for long-term success.

Future Outlook

The acquisition of the South Carolina retirement plan book aligns perfectly with Hilb Group’s strategy of scaling operations in key markets. With this expansion, the firm is well-positioned to offer enhanced retirement solutions tailored to the needs of local businesses and their employees. The emphasis on retirement planning aligns with broader trends in the market as more businesses recognize the importance of benefit offerings in attracting and retaining talent.

As Hilb Group looks ahead, it continues to explore opportunities for further expansion while focusing on maintaining high service standards. The combination of an aggressive acquisition strategy and organic growth initiatives appears to be a winning formula for the company as it navigates the evolving insurance landscape.

For more on this acquisition and future career opportunities, visit Hilb Group’s official website at hilbgroup.com.