More News

Virginia-based Insurance Broker Acquires Wilmington Firm

By Christina Haley O'Neal, posted Nov 20, 2017
Richmond, Virginia-based insurance broker The Hilb Group LLC has acquired a Wilmington benefits firm.

Wilmington firm David Hill & Associates Inc. has joined the existing Hilb Group office in the city to build and expand its benefits practice, according to a news release from The Hilb Group (THG). The terms of the acquisition were not disclosed.

"THG's North Carolina operations has a strong employee benefits division, and the addition of David's knowledge and expertise will add depth to our team," said Larry Wolfe, managing director of THG's Wilmington location. "It is truly a pleasure to add David's practice to our agency."

The Hilb Group is a Top 50 middle-market insurance agency headquartered in Richmond and is a portfolio company of Boston-based private equity firm Abry Partners. The Hilb Group seeks to grow through targeted acquisitions in the middle market insurance brokerage space, company officials said in the release.

The acquisition of David Hill & Associates represents THG's 41st acquisition since 2009 and the 11th acquisition in 2017, according to the release. The company first made a presence in Wilmington in August 2015, when THG acquired Wilmington-based JWB Insurance Group.

The Hill Group of North Carolina LLC has six additional office locations across the state, including offices in Charlotte, Cornelius and Cary.

With an original focus on improving health and life benefits for both employer groups and individuals, David Hill & Associates opened in the area in 1999, according to the company website. The company provides consultation for all size employers and individuals in southeastern North Carolina and surrounding regions.

The company is now located at 4010 Oleander Drive, Suite 11, according to David Hill, principal of the company. The firm has about 20 employees in the Wilmington area.

"Teaming up with THG presents an opportunity to provide DHA's client base with a broad range of resources in key areas that can make a significant difference for their businesses," Hill said in the release. 

Hill said Monday that the faces of the company will remain the same. With the acquisition, Hill said clients will see that the company will be able to provide an expansion of services and new technology.

“Expanding services with the merger in certain group segments … We’re going to be expanding into some of the HR areas, which are areas that are vastly needed for our business employers,” he said.

“We’re very excited about it. I think it’s a good opportunity not only as an agency but more importantly, it’s a very good move for our clients because they are what’s kept us in business. And they deserve the best possible service and programs that we can offer,” Hill said.

Story On The Map

Ico insights


Dave hoff heashot 300x300

Spirituality in Work and Life

Dave Hoff - EASI Consult

The Low-Down on the Medicaid Spend-Down

Kara Gansmann - Cranfill Sumner & Hartzog LLP

The World Needs Ditch Diggers

Corey Lewis - Cape Fear Jobs

Trending News

Hendrick Automotive To Operate Stevenson Honda Of Wilmington

Johanna Cano - Jun 19, 2018

Three New Stores Open At The Cotton Exchange

Johanna Cano - Jun 20, 2018

Axes To Fly At Former Red Barn Theater

Cece Nunn - Jun 20, 2018

Aloft Hotel Update: Contractor Chosen, Construction Expected Soon

Cece Nunn - Jun 21, 2018

The Wine Sampler Opens In New Location

Jessica Maurer - Jun 20, 2018

In The Current Issue

Using The State's Brownfields Program As A Catalyst For Development

The N.C. Brownfields Program has helped facilitate millions of dollars in investments in underused downtown Wilmington property and many oth...

Berry Farms Weather The Ups And Downs

The weather might have made the 2018 growing season challenging for local berry farmers thus far, but it has not slowed demand for straight-...

Banks Respond To Dodd-Frank Changes

Just how will the much-trumpeted recent changes to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act affect local financial...

Book On Business

The 2018 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!



2018 Power Breakfast - Dishing on the Restaurant Biz
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties
2017 Health Care Heroes