The Hilb Group Acquired Pennsylvania Insurance Agency
The firm expanded its regional presence with an acquisition effective September 1, 2026.
Updated on Oct. 5, 2026 in Insurance
Live Poll
Do you think large firms acquiring local independent businesses helps or hurts your local community?
The Hilb Group finalized the acquisition of a Pennsylvania-based insurance agency on September 1, 2026. This move continues the company's aggressive growth strategy, which has seen more than 20 deals completed since the start of 2025.
Why it matters
By acquiring smaller regional firms, The Hilb Group leverages its national platform to scale services while allowing acquired agencies to maintain their established local client relationships. The company specifically targets agencies with annual revenues between $4 million and $5 million.
The Hilb Group now operates more than 125 offices across 32 states. This follows rapid expansion from the $141.7 million in annual revenue recorded when The Carlyle Group acquired a majority stake in 2019.
The players
The Hilb Group
Headquartered in Richmond, Virginia, this insurance firm provides property and casualty, employee benefits, and retirement services.
The Carlyle Group
This global alternative asset management firm acquired a majority stake in The Hilb Group in 2019 to accelerate its growth and acquisition strategy.
The details
The acquired agency joins a broader network that reported approximately $650 million in annual revenue as of late 2024. The firm continues to follow an acquisition model that has led to more than 200 completed deals since 2019.
Timeline
The Hilb Group was founded in 2009.
The Carlyle Group acquired a majority stake in 2019.
The firm reached 200 total acquisitions in February 2026.
The most recent Pennsylvania acquisition took effect September 1, 2026.
Market Landscape
The Hilb Group's aggressive growth strategy reflects the insurance brokerage sector's ongoing consolidation trend. By securing a high volume of regional agencies, the firm positions itself against larger national competitors while capturing local market share.
Customers of the acquired Pennsylvania agency should generally expect local client relationships to remain unchanged during the transition. The integration typically allows clients access to a broader platform of services provided by the parent organization.
The takeaway
The firm's rapid expansion highlights how private equity-backed entities are reshaping the landscape for regional insurance providers. Clients at acquired firms often gain access to national-level resources without losing their familiar local service points.
Further reading
Learn more about local industry updates in the Pennsylvania Insurance section.
Live Poll
Do you think large firms acquiring local independent businesses helps or hurts your local community?
