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Hilb Group acquires Indiana agency

Posted: December 21, 2017


The Hilb Group, based in Richmond, Va., has acquired Insurance Trustees Inc. in Garrett, Indiana.

Founded over 100 years ago, Insurance Trustees offers a wide range of property/casualty and employee benefits insurance products and services for businesses and individuals in the Indiana region.

Mike Shuherk, managing partner of Insurance Trustees, and his associates will continue to operate out of their office in Garrett under their existing name.

news.mergers“Our agency has a long history of delivering excellent service and customized insurance solutions to our clients,” said Mike Shuherk. “This partnership with [The Hilb Group] marks an important next step for our agency. Gaining access to [The Hilb Group]’s expansive resources and scale within the industry enables us to better serve our existing clients while opening new opportunities for our associates.”

“We are continually in search of partners like Insurance Trustees, who really value a high level of client satisfaction that we stand by,” said Ricky Spiro, CEO of [The Hilb Group]. “Insurance Trustees has an outstanding team of professionals and they will contribute significantly to solidifying our geographic presence in Indiana. I am very pleased to welcome Mike and his team to our growing [The Hilb Group] family.”

The Hilb Group is a portfolio company of Boston-based private equity firm, Abry Partners. The company now has 60 offices in 18 states.

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