The Hilb Group Acquires New York’s Rampart Brokerage Corporation & Afilliates
The Hilb Group LLC (THG) has completed its 100th acquisition by acquiring New York-based Rampart Brokerage Corporation & Affiliates (RBC). The effective date of the acquisition was December 1, 2020.
Headquartered in Lake Success, New York, with nearly 200 employees and a 55-year history of serving clients in the New York tri-state area and across the U.S., RBC is a broker for upper middle-market commercial lines, high net worth personal lines, individual life and group benefits.
As a part of the acquisition, RBC’s leadership team, including Gary Morris, Robby Morris, Sandy Morris, Marc Blatt, Evan Portnoy and Steve Jaeger, along with the company’s associates, will join THG’s tri-state operations and continue to work out of their existing locations in New York, New Jersey and Pennsylvania.
THG is a property/casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. It is a portfolio 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 organic growth in its acquired agencies. The company has completed more than 100 acquisitions and now has more than 100 offices in 20 states.
Source: The Hilb Group