Insurance agency The Hilb Group LLC, a portfolio company of ABRY Partners, acquired Dowling & O’Neil for an undisclosed amount. ABRY invested in The Hilb Group in June.
RICHMOND, Va.–(BUSINESS WIRE)–The Hilb Group, LLC (“THG”) announced the acquisition of Hyannis, Ma.-based Dowling & O’Neil. The transaction became effective Feb. 1, 2016.
Founded in 1841, Dowling & O’Neil provides general property & casualty insurance with specialty niches in high net worth personal lines and healthcare. This acquisition is THG’s first transaction in 2016, adding a third agency in its growing New England footprint.
“We pride ourselves in being a local Massachusetts company with nationwide outreach,” said Rob Miller, co-owner of Dowling & O’Neil. “Joining The Hilb Group will allow us to bring additional resources to New England, through a strong national network.”
Miller and co-owner Mark McCartin will continue to lead 31 employees and operate under their current name.
“Rob and Mark have built a great agency with an exceptionally talented team,” said Bob Hilb, president and CEO of The Hilb Group. “Their expertise in both high net worth personal lines and health care facilities are terrific enhancements to our company’s service offerings.”
“When two like-minded companies come together, great things are bound to happen,” said McCartin. “It’s a cultural fit, our goals are aligned and we have similar philosophies. I know we’ll find great success with this new partnership.”
About The Hilb Group: The Hilb Group is a leading middle market insurance agency headquartered in Richmond, Va. 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. The company now has 39 offices in Florida, Kentucky, Maryland, Massachusetts, New York, North Carolina, Tennessee, Texas, Virginia, and West Virginia. Please visit our website at: http://hilbgroup.com.