RICHMOND, Va., Nov. 4, 2014 /PRNewswire/ -- The Hilb Group, LLC
("THG") is pleased to announce the acquisition of Lake Norman
Benefits ("LNB") of Charlotte, NC.
The transaction was effective November
1st, 2014. LNB will continue to operate at its
current location under the leadership of previous owner and
President, David Contorno.
Founded in 2008, LNB has grown exponentially focused on middle
market employee benefits in North
Carolina, Virginia and
New York. Robert J. Hilb, President and CEO of THG said,
"We're very excited to have David and his team join our company as
well as the added expansion of employee benefits services. We
believe Lake Norman's expertise will be very complimentary to our
current services offered to our clients."
David Contorno, President of LNB
added, "We don't really view this as selling our agency. In fact,
we weren't looking to sell. However, what THG offered was the
right fit for our agency, our employees and especially our
customers." David further added "With the support of THG, we now
can offer our clients increased competitive products, investments
in technology and service, while continuing the tradition at LNB of
staying ahead of the curve of financing the complex and expensive
world of healthcare and employee benefits." David will remain
as Agency President ensuring his 19 + years of benefits experience
continues to drive the results his customers have come to expect
from LNB.
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
15 offices in Georgia,
Florida, Kentucky, Maryland, New
York, North Carolina,
Tennessee, and Virginia.
Media questions:
Jason Angus –
jangus@hilbgroup.com - 804-205-1202
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SOURCE The Hilb Group, LLC