Finance & Insurance

Hilb Group Acquires Mayo Insurance Agency, Inc. and Williamsburg Insurance Agency, LLC, Broadens Mid-Atlantic Presence

RICHMOND, Va., July 13, 2021 /PRNewswire/ — The Hilb Group announced today that it has acquired Virginia-based Mayo Insurance Agency, Inc. and Williamsburg Insurance Agency, LLC, strengthening its footprint within the Mid-Atlantic region. The transaction became effective on July 1, 2021.

The Hilb Group, LLC. (PRNewsFoto/The Hilb Group, LLC)

Both Mayo Insurance – based in Virginia Beach, with additional offices in Suffolk – and Williamsburg Insurance are multi-line insurance agencies, providing a broad range of offerings for clients. Principal Todd Mayo and his team of insurance professionals will be joining Hilb Group’s Mid-Atlantic regional operations.

“We are excited to be a part of Hilb Group’s focused strategy and vision for the future,” said Todd Mayo, “and to join together to grow our services on behalf of our customers.”

“These agencies have long-standing client relationships and a stellar reputation in the community,” said Hilb Group CEO Ricky Spiro. “We are pleased to welcome Todd Mayo and his associates to our expanding team.”

The addition represents one of six Virginia acquisitions completed this month by Hilb Group, headquartered in Richmond.

“As the Hilb Group continues to grow nationally, we are thrilled to be building upon our presence in our home state,” Spiro added, specific to the six new agencies. “These acquisitions represent another step in our rapid growth, while allowing us also to be strategic and intentional in our partnerships to deliver expert advice and exceptional service to our customers and communities.”

About Hilb Group: The Hilb Group is a leading property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. Hilb Group 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 100 acquisitions and now has over 100 offices in more than 20 states. Hilb Group 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. For more information on Hilb Group’s growth as well as career opportunities, please visit our website at http://hilbgroup.com.

Media Contact:
Peter Lobred
804.548.4629
[email protected]

M&A Contact:
Ryan Havermann
804.414.6508
[email protected]

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/hilb-group-acquires-mayo-insurance-agency-inc-and-williamsburg-insurance-agency-llc-broadens-mid-atlantic-presence-301332552.html

SOURCE The Hilb Group, LLC