News & Events
September 20, 2011. The Hilb Group Announces Expansion in New York
The Hilb Group is pleased to announce the opening of a new office in Rochester, NY and the expansion of the existing office in Bay Shore, NY.
Endorsed Administrators, Inc. (“EAI”), based in Bay Shore, NY, was acquired by THG in July 2010 and has the endorsement of over 40 New York medical and dental associations to provide insurance products and services to their members. Both the new office in Rochester and the expansion in Bay Shore will be focused on the selling of EAI’s proven disability and life products tailored for the medical and dental community.
Joining the Rochester, NY office are:
Shane K. Barton, Vice President, Financial Advisor
Mark S. Blakeney, ChFC, CLU, Vice President, Financial Advisor
Joseph N. Bianchi, Vice President, Financial Advisor
And joining the Bay Shore, NY office is:
Sonja S. Bauer, Vice President
September 1, 2011. Hilb Group Acquires Venture Specialty Insurance
The Hilb Group has purchased Venture Specialty Insurance. The Richmond, Virginia-based Venture Specialty is an all-lines agency with two niche products offering coverage for transportation and cosmetic surgeries.
Venture Specialty’s founder and president, Jason Angus, will stay on at his agency and continue to serve as president. He will also assume the new role of chief marketing officer at The Hilb Group under the terms of the transaction. www.venturesi.com
June 9, 2011. BHMS Investments Sponsors The Hilb Group
BHMS Investments, LP, through affiliated funds (“BHMS”), completed a controlling equity investment in The Hilb Group, LLC.
BHMS Investments, LP is a private investment firm focused on the North American lower middle market. The firm was founded in 2010 and is based in New York City. BHMS invests in a wide variety of control opportunities from acquiring companies in financial distress to conventional leveraged buyouts. The BHMS mandate and Partner experience includes investing across all sectors of the economy.
Robert J. Hilb, Chief Executive Officer of Hilb, said, “We are proud to partner with BHMS, whose principals have successfully invested in this industry before, to help us further execute on our plan to build a leading middle market brokerage agency in the tradition of HRH. The industry continues to offer a tremendous opportunity for consolidation and The Hilb Group has a differentiated value proposition that agency owners have shown excitement around. This transaction provides the Company with significant equity capital to continue to execute on our plan.”
Kevin Angelis, Managing Partner at BHMS, said, “The Hilb Group was an opportunity that from the onset fit the BHMS mandate well. We are very excited about investing alongside the Company’s highly accomplished management team and look forward to a rewarding long-term partnership.”
The Hilb Group is pleased to announce its combination with J.J. Jerome Associates/EAI of Bay Shore, NY. The firm, under the leadership of Jerry Jerome, provides specialized insurance programs to the physician and dental professions throughout the state of New York. J. J. Jerome Associates/EAI has been in business for over 50 years. James Jerome will head JJJ/EAI for The Hilb Group along with the founder of JJJ/ EAI, Jerry Jerome. www.eaijjj.com
The Hilb Group welcomes John Austin as its Chief Financial Officer. John brings over 20 years of finance related experience to the Hilb Group. For the last 14 years, John has served in increasing financial responsibilities with Performance Food Group Company (PFG), a Richmond based publicly traded foodservice distributor. John most recently served as PFG’s Chief Financial Officer for the last 6 years.
The Hilb Group welcomes Jud Elliott as its Managing Director of Employee Benefits. Jud brings more than 25 years of experience in the employee benefits industry and a broad understanding of the marketplace. He has served in leadership positions at Marsh, HRH, and Blue Cross & Blue Shield of Georgia, and we are thrilled to add him to the Hilb Group team.
The Hilb Group is pleased to announce that Evan Wooton has joined the firm as its Chief Operating Officer. As the National Small Business Person of the Year in 2003, Evan brings the Hilb Group a fresh perspective as an industry outsider and over 20 years of experience in successfully building businesses.