Insurance Acquisitions in 2013
Acquisition Volume in Insurance in 2013 by Year
Last 5 years
Actual
Full-year estimate
-
February 11, 2013
- Buyer
- The Hilb Group, LLC
- Target
- The Pennoyer Group, Inc.
- Seller
- Shareholders of The Pennoyer Group, Inc.
- Industry
- Insurance
- Location
- Maryland, United States
- Type
- Buyout
The Hilb Group, LLC (THG) acquired The Pennoyer Group, Inc. from its shareholders, effective January 31, 2013. Pennoyer, an insurance agency based in Crofton, Maryland (with an office in Bel Air), provides personal and commercial insurance and a specialty real estate agent professional liability program; THG said the deal furthers its strategy of acquiring mid-market agencies on the East Coast.
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