The Hilb Group has acquired Oak Ridge Surety Agency in West Chester, Pennsylvania, which specializes in surety bond programs and commercial insurance.
Martin Hellman and his team of insurance professionals will become part of Hilb Group’s Mid-Atlantic regional operations. The business will join with Wayne, Pennsylvania-based Wharton Surety Consultants, a Hilb Group agency
The acquisition took effect December 30, 2022.
The Hilb Group, headquartered in Richmond, Virginia. is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group has completed more than 150 acquisitions with over 100 offices in 22 states.
Was this article valuable?
Here are more articles you may enjoy.
Supreme Court Overturns Chevron Rule in Blow to Regulators 
US P/C Insurers Post Best Q1 Underwriting Result In 17 Years 
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida 
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 
