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Hilb buys Michigan based Owen Moore Insurance Agency

The Hilb Group (THG) has acquired Owen Moore Insurance Agency, a personal lines and commercial lines intermediary based in Michigan.

The deal is THG’s second of the year following its purchase of North Carolina-based Dwayne Wilson Insurance & Financial Services in a transaction announced on January 12.

The move is part of a wider trend of smaller broking houses being acquired by private equity-backed broker aggregators – THG is a portfolio company of The Carlyle Group, which also backs the broking and MGA giant Galway.

Owen Moore owner Randy Moore and his associates will join THG’s Midwestern division as part of the deal.

"We are pleased to be a part of THG's vision and focus," said Moore. "THG's innovative solutions for our clients will be an added benefit to our mission and culture."

Ricky Spiro, THG CEO, said: "The outstanding team of professionals at Owen Moore will contribute significantly to our Midwestern footprint."

Other recent deals by THG include its takeover of William H Connolly & Company, a New Jersey-based agency, and the acquisition of Virginia agency Moran, Moran & Dauphin.

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