The Hilb Group, LLC
| Private | |
| ISIN | 🆔 |
| Industry | Insurance brokerage |
| Founded 📆 | 2009 |
| Founder 👔 | Robert Hilb |
Area served 🗺️ | |
Key people | Ricky Spiro (CEO) |
| Revenue🤑 | US$650 million (2024)[1] |
| Members | |
Number of employees | ~2,500 (2024) |
| Parent | Carlyle Group |
| 🌐 Website | hilbgroup |
| 📇 Address | |
| 📞 telephone | |
The Hilb Group, LLC (THG) is an American insurance brokerage based in Richmond, Virginia. Founded in 2009, the company has pursued a consolidation strategy of acquiring regional agencies across the United States. As of 2024, independent business reporting placed Hilb’s annual revenue at about US$650 million and noted more than 180 completed acquisitions since its founding.[2] *Business Insurance* has ranked Hilb among the top 25 largest U.S. insurance brokers by brokerage revenue.[3]
History
Hilb Group was founded in 2009 by Robert Hilb in Richmond, Virginia.[4] The company grew through a roll-up strategy, acquiring independent insurance agencies in multiple states.[5][6]
In 2015, private equity firm ABRY Partners acquired a majority stake.[7] In December 2019, ABRY sold Hilb to The Carlyle Group. At the time of the Carlyle deal, Hilb operated from more than 90 offices nationwide.[8]
Recent developments
In November 2024, Richmond BizSense reported that Hilb had secured a new US$500 million credit facility to finance further acquisitions, bringing total company revenue to approximately US$650 million and its deal count above 180 since inception.[1] The same year, *Insurance Journal* reported that Hilb refinanced nearly US$2 billion in credit facilities to expand capacity.[9]
Rankings
In Business Insurance’s 2024 “Top 100 Brokers of U.S. Business,” Hilb ranked 23rd with US$641 million in brokerage revenue.[3]
See also
- The Carlyle Group
- Insurance in the United States
References
- ↑ 1.0 1.1 "Hilb Group adds $500M to acquisition war chest". Richmond BizSense. November 8, 2024. Retrieved September 16, 2025.
- ↑ "Henrico-based Hilb Group adds $500M to acquisition war chest - Richmond BizSense". richmondbizsense.com. 2024-11-08. Retrieved 2025-10-14.
- ↑ 3.0 3.1 "Top 100 Brokers of U.S. Business" (PDF). Business Insurance. July 2024. Retrieved September 16, 2025.
- ↑ "Partnership". Hilb Group. Retrieved 2025-10-14.
- ↑ admin (2023-10-16). "Business Moves". Insurance Journal. Retrieved 2025-10-14.
- ↑ "The Hilb Group acquires Maryland-based employee benefits business". www.insurancebusinessmag.com. Retrieved 2025-10-14.
- ↑ bkumar1 (2019-10-16). "Abry Partners looking to divest insurance broker Hilb Group". Life Insurance International. Retrieved 2025-10-14.
- ↑ "The Hilb Group Announces Definitive Agreement to Be Acquired By The Carlyle Group | Carlyle". www.carlyle.com. Retrieved 2025-10-14.
- ↑ admin (2024-11-06). "Hilb Group Secures $2 Billion Round of Financing". Insurance Journal. Retrieved 2025-10-14.
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