The Hilb Group, LLC Acquires McCartha, Cobb & Associates, Inc.
RICHMOND, Va., April 15, 2021 /PRNewswire/ -- The Hilb Group, LLC ("THG") announced today that it has acquired South Carolina-based McCartha, Cobb & Associates, Inc. ("MC"). The transaction became effective on April 1, 2021.
MC is an insurance agency, specializing in contract and commercial surety bonds to the construction industry. As part of the transition, Wayne McCartha, Ray Cobb, and Kathryn McCartha-Powers will join the THG Southeast region office in Columbia, SC.
"We are pleased to be fueling the growth of our business with THG as a strategic partner," said Wayne McCartha. "Partnering with THG, will enable us to collaborate across a broader platform and expand the depth and reach of our surety-expertise."
"We are confident that the firm and its associates will strengthen our construction and surety bonds practice in the Southeast," said Ricky Spiro, THG CEO. "We are excited to welcome them to our expanding team at THG."
About THG: THG is a leading property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. THG is a portfolio company of The Carlyle Group, a global investment firm. THG seeks to growth through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 100 acquisitions and now has over 100 offices in 20 states. THG is rated as one of the Fastest Growing Brokers by Business Insurance, a Top P/C Agency by Insurance Journal, and one of America's Fastest Growing Private Companies in the Inc. 5000. Please visit our website at http://hilbgroup.com
Media Contact:Ally Barbour 804-533-0191 [email protected]
M&A Contact: Ryan Havermann 804-414-6508[email protected]
View original content to download multimedia:http://www.prnewswire.com/news-releases/the-hilb-group-llc-acquires-mccartha-cobb--associates-inc-301269951.html
SOURCE The Hilb Group, LLC
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Correction: Publication of 2023 Annual Report of Azerion Group N.V.
- Nine Mile Metals Exercises Option Early to Acquire 100% of California Lake, Canoe Landing Lake East and Nine Mile Brook East Properties
- Relay Resources Welcomes New Chief Revenue Officer to Leadership Team
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
The Carlyle GroupSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!