RICHMOND, Virginia., December 18, 2020 / PRNewswire / – The Hilb Group, LLC (âTHGâ) today announced that it has acquired Caroline from the southPlan Benefit Services, Inc. (âPBSIâ). The transaction became effective on December 1, 2020.
Plan Benefit Services, Inc. is an independently owned and operated employee benefits consulting, management and brokerage company since 1986. In connection with the transaction, Branford Armstrong and PBSI Associates will join THG’s South East operations and continue to work from their current location in British Columbia, South Carolina.
âWith our tradition of excellence, we are confident that joining THG will allow us to provide our clients with additional resources and the support of a national brokerage,â said Branford Armstrong. âWhile they will continue to work with a team they know and trust. “
“We look forward to partnering with the innovative team of professionals at PBSI,” said Ricky spiro, CEO of THG. âPBSI is committed to providing tailored benefits solutions and sound advice; this corresponds perfectly to the values ââof THG. “
About THG: THG is a leading property and casualty insurance and employee benefits brokerage and advisory firm headquartered in Richmond, Virginia. THG is a holding company of The Carlyle Group, a global investment firm. THG seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive the organic growth of its acquired branches. The company has more than 100 offices in 20 states. Please visit our website at: http://hilbgroup.com.
Contact mergers and acquisitions:
SOURCE The Hilb Group, LLC