Hilb Group Acquires Georgia-Based Property And Casualty Business, Grows Southeast Market Presence
Jul 26, 2023•almost 2 years ago
Acquiring Company
Undisclosed New Hampshire Business
Acquired Company
Casualty
IllinoisHuman ResourcesEmployee BenefitsDescription
The Hilb Group announced today that it has acquired a Georgia-based property and casualty business, building on the company's growing presence in the Southeast region and expanding its offerings to provide specialized services including for temporary staffing agencies and those in the film production industry. The acquisition took effect July 1, 2023.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
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