The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal insurance products and services. The transaction became effective December 1, 2021.
Based in Hunt Valley, Maryland, PSA features a team of licensed advisors and technical specialists who assist clients through physical and cyber safety and loss control, human resources consulting, data analytics, compliance, communications, client advocacy and more.
The Hilb Group is a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. It is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 120 acquisitions and now has more than 100 offices in 22 states.
Source: The Hilb Group
Topics Mergers & Acquisitions Maryland
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