Hilb Group Announces Acquisition Of Engle, Paxson & Hawthorne Insurance Services LLC

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Apr 15, 2013, 09:04 ET

RICHMOND, Va., April 15, 2013 /PRNewswire/ -- The Hilb Group, LLC ("THG") is pleased to announce the acquisition of Engle, Paxson & Hawthorne Insurance Services, LLC ("EPH") of Leesburg, VA. The transaction was effective April 1, 2013.

(Logo: http://photos.prnewswire.com/prnh/20130107/NE37471LOGO )

Founded over a century ago, EPH has been providing residents and business owners in Northern VA, Washington DC and Maryland the best protection for their assets and health. In 2010, EPH was one of six agencies in the country to receive the prestigious "Top Performing Agencies" award from the Independent Insurance Agents and Brokers of America and Reagan Consulting. This award is given to agencies that serve as role models in the industry and demonstrate operational excellence and stellar financial results.

Robert J Hilb, President and CEO of THG said, "We are especially pleased to announce this transaction and are delighted to welcome Prescott Engle and his team to THG. Prescott exemplifies the type of leader we look for when doing a deal: intelligent, committed and growth oriented; we couldn't be more excited to welcome him to THG. On the heels of the acquisition of the Pennoyer Group in nearby Crofton, MD, THG is building a strong agency presence in the DC metro area."

Prescott Engle, President of EPH commented, "Like many agency owners, I wasn't for sale. But after a few meetings with the THG management team, I knew I could achieve great things with them while still keeping the entrepreneurial spirit I love about being a business owner. All of us at EPH are truly looking forward to joining THG."

The Hilb Group was founded in 2009 by Robert H. Hilb, the former founder, CEO and Chairman of Hilb, Rogal and Hobbs (NYSE: HRH), and Robert J. Hilb, a former corporate VP of HRH. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space. The company is headquartered in Richmond, VA with offices in Virginia, North Carolina, Tennessee, Georgia, Maryland and New York.

Contact: Robert Hilb, 804-414-6505

SOURCE The Hilb Group, LLC