Hilb Group acquires Ga. insurance agency

Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers.

Financial terms of the acquisition, which became effective Dec. 1, were not disclosed.

“Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on our customers,” Ed Gillman, Gillman Insurance’s founder and lead problem solver, said in a statement. “We are keeping the same commitment to our local community and continuing to serve our customers nationwide, while expanding our resources.”

Based in Alpharetta, Georgia, Gillman Insurance was founded in 1993 and serves the metropolitan Atlanta area. Its affiliates, APA Insurance Services and 3G Truckin’ Insurance, have customers in 40 states. Gillman and his team will become part of Hilb Group’s Southeast regional operations.

“We are excited to welcome Gillman Insurance to The Hilb Group family and to grow our operations in Georgia,” Hilb Group CEO Ricky Spiro said in a statement. “The addition of Ed and his team represent the perfect entry into the state, as we join with a growing agency that has deep community ties, a tremendous reputation and an unparalleled commitment to those who depend upon us.”

With the addition of Gillman Insurance, The Hilb Group now has locations in 23 states and serves all 50 states.

The Hilb Group was founded in 2009 and has been a portfolio company of Washington, D.C.-based investment management company The Carlyle Group, from which Virginia Gov. Glenn Youngkin retired in 2020 after serving as co-CEO, since 2019. Across its more than 100 offices in 23 states, Hilb employs more than 2,000 people and has acquired more than 145 companies.