The Hilb Group LLC (THG) has acquired New Jersey-based LCIA Inc. DBA Campisano Insurance Agency (LCIA). The transaction became effective October 1, 2019.
LCIA is a full-service property and casualty agency that has specialized in the commercial transportation and trucking industry since 1980. Headquartered in Kearny, N.J., LCIA primarily provides commercial insurance in the Tri-state area for auto liability/physical damage, tow packages, cargo/inland marine, workers’ compensation, umbrella/excess and general/garage liability.
LCIA’s transportation and trucking expertise is expected to add depth to THG’s specialty programs and further strengthen its transportation practice in the tri-state region,” said THG CEO Ricky Spiro in a company press release.
LCIA Agency Leader Gus Campisano will continue to lead the company’s associates out of their existing location.
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 is seeking to grow through targeted acquisitions in the middle market insurance brokerage space and now has more than 85 offices in 21 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions New Jersey
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