The Hilb Group LLC (THG) has acquired the majority of the assets of IOA Northeast NY Inc. (IOANE), a division of IOA National Inc. The transaction became effective November 1, 2017.
Located in Florham Park, N.J., IOANE provides property and casualty insurance to businesses throughout the nation.
Led by Managing Director Jeff Miner, the IOANE team will continue operations in its current office location under THG’s name.
Miner and his team have a background in the large, commercial property and casualty space that will help to further expand THG’s New Jersey operations, said THG CEO Ricky Spiro in a company press release.
Miner added in the release that joining THG will allow IOANE to continue its operations with the philosophy that the client comes first, while providing new opportunities for growth.
IOANE is THG’s 42nd acquisition since it was founded in 2009 and 12th acquisition this year.
The Hilb Group is a Top 50 middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners.
Source: The Hilb Group