The Hilb Group Acquires Massachusetts’ The Incentive Group

The Hilb Group LLC (THG) has acquired Massachusetts-based The Incentive Group LLC (IG). The transaction became effective September 1, 2019.

IG is a full-service employee benefits consulting and brokerage firm providing solutions for a variety of industries and sizes. Located in Waltham, Mass., IG will continue to operate out of its office under the management of co-founders Paul Beggan and Tim Nugent.

THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners. It seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 85 offices in 21 states.

Source: The Hilb Group