The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina.
Terms were not disclosed on the transaction that closed on Nov. 1.
LNB will continue to operate at its current location under previous owner and president, David Contorno, according to the announcement.
LNB focuses on middle market employee benefits in North Carolina, Virginia and New York.
The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company is headquartered in Richmond, Virginia with 15 offices in Georgia, Florida, Kentucky, Maryland, New York, North Carolina, Tennessee and Virginia.
Was this article valuable?
Here are more articles you may enjoy.
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
Business Interruption Claims Arising From the Middle East Conflict 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
