The Hilb Group LLC (THG) has acquired Tennessee-based Mackie Financial Group LLC (MFG). The transaction became effective August 1, 2019.
MFG is a full-service agency primarily providing insurance for employee benefits, Medicare Supplemental/Advantage, individual life and annuities.
As part of the acquisition, MFG will join THG’s operations based in Abingdon, Va., and continue to operate out of its current location in Johnson City, Tenn.
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 seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company now has more than 80 offices in 21 states.
Source: The Hilb Group LLC
Topics Mergers & Acquisitions Tennessee
Was this article valuable?
Here are more articles you may enjoy.
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season 
Hacker Says AT&T Paid About $400,000 to Erase Sensitive Data 
Elon Musk Beats $500 Million Severance Lawsuit by Fired Twitter Workers 
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance 
