The Hilb Group LLC (THG) has acquired Rhode Island-based Damiano Agency (DA). The transaction became effective July 1, 2019.
For more than 30 years, DA has been delivering property and casualty insurance for businesses and individuals in the Rhode Island area.
Paul Damiano, agency leader, and his associates will join THG’s existing Providence, R.I., location and bring added property and casualty expertise to THG’s New England operations.
THG is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners. THG seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 80 offices in 20 states.
Source: The Hilb Group
Topics Mergers & Acquisitions
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