The Hilb Group, which is backed by ABRY Partners, has acquired Indianapolis-based Fundamental Insurance & Retirement Planning Inc. No financial terms were disclosed.
RICHMOND, Va., Oct. 18, 2016 /PRNewswire/ — The Hilb Group, LLC (THG) announced today the acquisition of Indianapolis, Indiana-based Fundamental Insurance & Retirement Planning (FIRP) Inc. The transaction became effective October 1, 2016.
FIRP provides its clients with a vast range of insurance offerings from property and casualty to life and health for businesses and individuals. All of FIRP’s employees, including President Michael Weisemann, are joining THG and will continue to operate out of their four offices located throughout Indiana under their existing name.
With this acquisition, THG expands its footprint into the Midwest and establishes its commitment to building a distinguished network of nationwide agency partners.
“The reputation of excellent customer service that FIRP has developed over the years is a perfect fit for the culture we are creating,” said Robert J. Hilb, Founder and CEO of THG. “In addition, their strong Indiana presence supports the growth of our Midwestern footprint. We are extremely pleased to welcome Michael and his colleagues to our expanding team at THG.”
“In teaming up with THG, we will be able to further support our clients with a multitude of additional services,” said Michael Weisemann. “Our team is looking forward to the next chapter in FIRP’s history with expanded resources and the ability to collaborate with THG agencies across the nation.”
About the Hilb Group: The Hilb Group is a leading middle market insurance agency headquartered in Richmond, Virginia and is a portfolio company of Boston-based private equity firm, ABRY Partners. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. Please visit our website at: http://hilbgroup.com.