Hilb Group Expands U.S. Insurance Portfolio with Maryland Employee Benefits Acquisition

The Hilb Group, a national insurance brokerage headquartered in Richmond, Virginia, has expanded its presence in the Mid-Atlantic region through the acquisition of a Maryland-based employee benefits business effective April 1, 2025.

This acquisition is part of a broader series of transactions aimed at strengthening the firm's regional footprint and service capabilities, including recent acquisitions in Maine, New Hampshire, Texas, and Louisiana. Backed by The Carlyle Group, Hilb Group employs a growth strategy combining organic development with acquisitions, supported by centralized resources and a refinancing effort that has increased its debt capacity by over $500 million.