The Hilb Group, LLC said it has acquired Lake Norman Benefits of Charlotte, North Carolina.
Terms were not disclosed on the transaction that closed on Nov. 1.
LNB will continue to operate at its current location under previous owner and president, David Contorno, according to the announcement.
LNB focuses on middle market employee benefits in North Carolina, Virginia and New York.
The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company is headquartered in Richmond, Virginia with 15 offices in Georgia, Florida, Kentucky, Maryland, New York, North Carolina, Tennessee and Virginia.
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
