The Hilb Group, a portfolio company of Abry Partners, has acquired South Carolina-based Huckaby & Associates Inc, a provider of property and casualty insurance solutions. No financial terms were disclosed.
RICHMOND, Va., Dec. 11, 2018 /PRNewswire/ — The Hilb Group, LLC (THG) announced today the acquisition of South Carolina-based Huckaby & Associates, Inc. (“Huckaby”). The transaction became effective December 1, 2018.
Founded in 1976, Huckaby provides a full range of property and casualty insurance solutions to businesses and individuals throughout South Carolina, North Carolina, and Georgia. Huckaby specializes in commercial business insurance, automobile insurance, and homeowners’ insurance coverage.
“Huckaby’s strong South Carolina presence supports the growth of our Southeast footprint,” said Ricky Spiro, CEO of THG. “Their commitment to their clients and community is one that strongly resonates with THG. We look forward to the opportunities that lie ahead with another talented Southeast-based agency joining our team.”
Managing Director, Joey Huckaby, will continue to lead Huckaby’s associates out of their existing location in Columbia. Joey Huckaby stated, “We wanted a partner that would expand Huckaby’s services and programs to help meet the needs of our clients and associates, positioning us for continued growth. THG was a perfect fit.”
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 64 offices in 17 states. Please visit our website at: http://hilbgroup.com.