The Hilb Group LLC (THG) has acquired Massachusetts-based LifePlus Insurance Agency Inc. (LPINS). The transaction became effective March 1, 2020.
Established in 2004, LPINS is a full-service ancillary benefits agency, primarily providing insurance for group life, worksite, dental and workers’ compensation to municipalities in Massachusetts.
Following the acquisition, LPINS’ associates will continue to operate out of their existing office in Marshfield, Mass., under the direction of LPINS Agency Leader Peter A. Cook Jr.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of global investment firm, The Carlyle Group. THG is seeking 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 LLC
Was this article valuable?
Here are more articles you may enjoy.
NAIC Says Data Taken in Hack Has Been Published Online 
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
