Richmond, VA — December 21, 2017 — The Hilb Group, LLC (THG) announced today the acquisition of Insurance Trustees, Inc. The transaction became effective December 1, 2017.
Founded over 100 years ago, Insurance Trustees offers a wide range of property & casualty and employee benefits insurance solutions for businesses and individuals in the Indiana region. Mike Shuherk, Managing Partner of Insurance Trustees, and his associates will continue to operate out of their Garrett, IN office and under their existing name.
“Our agency has a long history of delivering excellent service and customized insurance solutions to our clients,” said Mike Shuherk. “This partnership with THG marks an important next step for our agency. Gaining access to THG’s expansive resources and scale within the industry enables us to better serve our existing clients while opening new opportunities for our associates.”
“We are continually in search of partners like Insurance Trustees, who really value a high level of client satisfaction that we stand by,” said Ricky Spiro, CEO of THG. “Insurance Trustees has an outstanding team of professionals and they will contribute significantly to solidifying our geographic presence in Indiana. I am very pleased to welcome Mike and his team to our growing THG family.”
About the Hilb Group: The Hilb Group is a Top 50 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. The company now has 60 offices in 18 states.