The Hilb Group, a portfolio company of Abry Partners, has acquired Cambridge, Massachusetts-based Bruce Crohn LLC, an employee benefits consultant and insurance brokerage firm. No financial terms were disclosed.
RICHMOND, Va., Dec. 18, 2018 /PRNewswire/ — The Hilb Group, LLC (THG) announced today the acquisition of Massachusetts-based Bruce Crohn, LLC (“Crohn”). The transaction became effective December 1, 2018.
Founded in 2009, Crohn is a full-service employee benefits consultant and insurance brokerage firm located in Cambridge, Massachusetts. Crohn provides customized solutions and assists in managing the group benefits programs for small to medium sized companies, with a specialty in early-stage technology firms.
“As we looked for new opportunities to help our clients grow their businesses, we found THG to be a perfect fit for our company,” said Bruce Crohn, Managing Director of Crohn. “Now, we can bring additional insurance products and solutions to our clients as well as greater growth opportunities for our associates.”
“Crohn is a highly respected and fast-growing agency,” said Ricky Spiro, CEO of THG. “As we continue to build a strong presence in the New England region, we are confident that Crohn will further strengthen our benefits capabilities. We are excited to have the talented and highly experienced associates at Crohn join our team.”
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 66 offices in 17 states. Please visit our website at: http://hilbgroup.com.