The Hilb Group LLC (THG) has acquired Group Brokerage Insurance Agency LLC (GBIA). The transaction became effective January 1, 2020.
Located in Waltham, Mass., GBIA is an employee benefits agency primarily providing group medical, dental, life, short and long-term disability and long-term care insurance. GBIA Founder John Siracusa and his team will join THG’s New England operations.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of global investment firm, The Carlyle Group. THG seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 90 offices in 20 states.
Source: The Hilb Group
Was this article valuable?
Here are more articles you may enjoy.
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Trouble at Surfside Began Weeks Before Deadly Condo Collapse, Final Report Finds 
