The Hilb Group, LLC (THG) a private equity funded insurance agency acquirer with 81 offices, purchased Dover-based Pfister Insurance, Inc. for an undisclosed sum.
The transaction became effective June 1. THG is based in Richmond, VA.
Pfister is a full-service property and casualty agency primarily providing business, auto and home insurance to clients in the Mid-Atlantic region. Pfister’s agency leaders, Mel Warren, Jim Watkins, and Scott Foltz, will continue to lead the agency’s associates out of their current office location.
“Pfister greatly values our clients and we will always do what it takes to deliver the best quality coverage and service possible,” said Warren. “Joining THG will allow us to provide our clients additional resources and support of a national brokerage, while they will continue to work with a team they know and trust.”
“The Pfister team has done an outstanding job building a firm whose primary focus will remain the clients’ success,” said Ricky Spiro, THG CEO. ” Pfister’s reputation and dedicated team makes a great addition to continue our growth in the Mid-Atlantic region.”
The Hilb Group is a leading middle market insurance agency and is a portfolio company of Boston-based private equity firm, Abry Partners. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has 81 offices in 19 states. Further information is available at http://hilbgroup.com.
