The Hilb Group has acquired The Martin Agency, Inc., an independent agency based in Danville, Ky., with Florida offices in Celebration and Ormond Beach.
Terms of the deal were not disclosed.
According to Richmond, Va.-based Hilb Group, the acquisition represents the firms continued expansion in Florida and its initial expansion into Kentucky.
The Martin Agency will continue to operate at its current locations under the leadership of John Carrithers.
Founded in 1989, The Martin Agency has focused on providing service to both commercial and personal lines clients.
“We’re very excited to continue our expansion in 2014,” said Robert J. Hilb, president and CEO of Hilb Group. “Angie Martin and her family have built a firm that focuses on customers first originally in their home of Danville, Ky., and later in Florida and that focus fits perfectly into the Hilb Group culture. We’re delighted to welcome Angie, John Carrithers and their team to THG.”
“My husband and I started this business over 25 years ago with a focus on putting our customer’s needs first,” said Angela Martin, president of The Martin Agency. “Since then, we’ve built an agency that feels more like a family. We really wanted to make sure we found the right company that would take care of all our employees and the Hilb Group was just the right choice. Our customers will still have the same Martin team helping them but now with the many resources of the Hilb Group.”
The Hilb Group was founded in 2009 by Robert H. Hilb, the former founder, CEO and chairman of Hilb, Rogal and Hobbs, and Robert J. Hilb, a former corporate VP of HRH. The Hilb Group focuses on growth through targeted acquisitions in the middle market insurance brokerage space. The has additional offices in Virginia, Georgia, Florida, North Carolina, Tennessee, Maryland, Kentucky and New York.