US-based insurance brokerage the Hilb Group has acquired Gerardi Insurance Services to expand its footprint in the New England region.
The value of the transaction, which took effect on 1 October 2021, was not revealed.
Go deeper with GlobalData
Gerardi Insurance focuses on offering a full suite of property & casualty and employee benefits insurance solutions and services.
Hilb Group CEO Ricky Spiro said: “Gerardi Insurance brings deep expertise, a reputation of stellar service, and extensive relationships that represent a terrific match for our growth strategy.
“We are pleased to welcome them to the Hilb Group and look forward to the next steps together.”
Under the terms of the agreement, Gerardi Insurance principals Matthew Desaulnier and Edward Desaulnier along with their entire team will join Hilb Group’s New England operations.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataMatthew Desaulnier said: “We take great pride in the trusted relationships we have formed over many years, and we look forward to building on these connections and adding to what we can deliver for the clients we serve.
“We are excited to take this next step and join with the Hilb Group to bring the very best in resources to our long-standing customers.”
The Hilb Group, which is a portfolio company of Carlyle Group, has made over 120 acquisitions and has presence in 21 states of the US.
It also offers property & casualty and employee benefits insurance solutions.
Last week, the insurance broker completed the acquisition of Rhode Island-based D.F. Dwyer.
