The Hilb Group Acquires IOA Northeast NY, Inc., A Division of IOA National, Inc.
RICHMOND, Va., Nov. 15, 2017 /PRNewswire/ — The Hilb Group, LLC (THG) has acquired the majority of the assets of IOA Northeast NY, Inc. (IOANE), a division of IOA National, Inc. The transaction became effective November 1, 2017.
Located in Florham Park, NJ, IOANE provides property & casualty insurance to businesses throughout the nation. Led by Managing Director, Jeff Miner, the IOANE team will continue operations in its current office location under THG’s name.
“Jeff and his team have an extensive background in the large, commercial property & casualty space that will help further expand our New Jersey operations,” said Ricky Spiro, CEO of THG. “We are delighted to welcome Jeff and his team to our company.”
“There is a strong cultural alignment between THG and our colleagues,” said Jeff Miner. “Joining THG will allow us to continue our operations with the philosophy that the client comes first, while providing new opportunities for growth.”
IOANE is THG’s 42nd acquisition since it was founded in 2009 and 12th acquisition this year.
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. Please visit our website at: http://hilbgroup.com.
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SOURCE The Hilb Group, LLC