PE-backed THG acquires Burns & Eustice Insurance Agency

The Hilb Group, a portfolio company of Abry Partners, has acquired Michigan-based Burns & Eustice Insurance Agency, a provider of property and casualty insurance solutions. No financial terms were disclosed.


RICHMOND, Va., Oct. 23, 2018 /PRNewswire/ — The Hilb Group, LLC (THG) announced today the acquisition of Michigan-based Burns & Eustice Insurance Agency (B&E). The transaction became effective October 1, 2018.
B&E has been offering property & casualty insurance solutions to businesses and individuals throughout northern Michigan since 1931. Led by Managing Director Tony Eustice, B&E’s associates will continue to operate out of their two existing locations in Cheboygan and Onaway.

“B&E’s well-rounded approach and experience makes them an excellent partner to their clients and to THG. The ideal fit between our companies allows us to deliver exceptional service to our Midwest clients and to provide greater opportunities for our colleagues,” said Ricky Spiro, CEO of THG. “I am excited to welcome Tony and his associates to our growing team.”

“Joining THG represents an excellent opportunity to expand our reach and to offer more resources to our clients. We look forward to providing our clients the same level of customer service they’ve come to expect, now with the support and capabilities of a top insurance brokerage,” said Mr. Eustice.

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. The company now has 62 offices in 17 states. Please visit our website at: