The Hilb Group, a portfolio company of ABRY Partners, has acquired Greenville, South Carolina-based Endeavor Insurance Services Inc, which focuses on group health and employee benefits. No financial terms were disclosed.
RICHMOND, Va., Dec. 13, 2016 /PRNewswire/ — The Hilb Group, LLC (THG) announced today the acquisition of Endeavor Insurance Services, Inc. The transaction became effective December 1, 2016.
Based in Greenville, SC, Endeavor Insurance Services specializes in group health and employee benefits. As one of the premier health care experts throughout the Carolinas, the company takes a consultative approach to employee benefit plans.
With this acquisition, THG will expand its footprint into South Carolina with Endeavor’s three offices located throughout the state. All of Endeavor’s employees, including President John Adair and Chief Financial Officer Rod Fountain, are joining THG and will continue to operate under their existing name.
“As we continue to grow, we are seeking partners who will advance our scope of services as a leading national insurance broker,” said Robert J. Hilb, THG Founder and CEO. “Endeavor will further strengthen our benefits capabilities and increase our client base. We are excited to welcome the Endeavor team to the Hilb Group family.”
“Joining THG provides us with an opportunity to benefit from the financial strength and resources of a national broker and to considerably enhance the services and programs that we offer to our clients and our employees,” said John Adair. “This is the beginning of an exciting new chapter for Endeavor, our team and our clients.”
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.