The Hilb Group, LLC (THG) announced today the acquisition of the group benefits division of North Carolina-based Charles Allen & Associates (CA&A). The transaction became effective April 1, 2017.
For over 35 years, CA&A has represented AXA Advisors in the Charlotte area. CA&A is a provider of financial services and employee benefits solutions for businesses and individuals in the area.
As a part of the transaction, the group benefits division and its current employees will join THG under its existing name. Charles Allen, while continuing to run his individual life and financial services business through AXA, will work with THG's employee benefits team to expand and grow the group benefits division. "CA&A's group benefits division is a welcome addition to our benefits teams in the Carolinas," said Robert J. Hilb, Founder and CEO of THG.
"THG is one of the top insurance agencies in the nation with a track record of growth, numerous resources and client focused values," said Charles Allen. "We look forward to offering our clients the same degree of customer service they have come to expect, now backed by the support and capabilities of THG."
About the Hilb Group: The Hilb Group is a leading middle market insurance agency headquartered in Richmond, Virginia 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. Please visit our website at: http://hilbgroup.com.