The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019.
MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities.
As part of the acquisition, MFG will join THG’s operations based in Abingdon, Va., and continue to operate out of its current location in Johnson City, Tenn.
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 80 offices in 21 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions
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