The Hilb Group Acquires Agencies in Virginia and North Carolina
The Hilb Group, LLC is pleased to announce the acquisitions of CSE Insurance Agency, Inc. and CSE Financial Services, Inc. of Abingdon and Wise, Virginia, and B&H Insurance Services, Inc. of Winston-Salem, North Carolina. Both transactions closed in the fourth quarter of 2012.
The CSE companies trace their roots to 1925 and were one of the largest independent insurance agencies in southwest Virginia. CSE professionals provide commercial, personal and employee benefit solutions across a wide portion of southwest Virginia, Kentucky and Tennessee. Robert J. Hilb, President and CEO of THG commented, "When we first met the principals at CSE, we knew we had a terrific cultural fit. We're delighted to welcome the seven partners of CSE and all their colleagues to THG."
B&H Insurance Services, Inc., based in Winston-Salem, North Carolina, was founded in 1989 by Harry Grubbs, a former trucking company executive, and his wife Barbara Grubbs. B&H specializes in long haul trucking insurance, writing coverage in more than 13 states. Harry Grubbs said, "Becoming a part of The Hilb Group is an exciting opportunity for all of us at B&H. We are thrilled at this opportunity and excited to further expand Hilb's national transportation practice."
Robert J. Hilb said, "We are delighted to welcome these agencies into The Hilb Group family. We are expanding our specialty transportation practice with the addition of B&H Insurance Services while further expanding our commercial and personal insurance offerings with CSE. Most importantly, we are excited about the addition of great team members that have built these agencies and will continue to drive our organic growth in 2013."
The Hilb Group was founded in 2009 by Robert H. Hilb, the former founder, CEO and Chairman of Hilb Rogal & Hobbs, and Robert J. Hilb, a former Corporate VP of HRH. The Hilb Group seeks to grow through targeted acquisition and strategic alliances in the middle market insurance brokerage space. The Hilb Group is based in Richmond, VA with offices in Virginia, North Carolina, Tennessee, Georgia, Connecticutand New York.