One80 acquires Hill Program Managers, deepens oil and gas expertise
One80 Intermediaries has struck a deal to buy Denver, Colorado-headquartered Hill Program Managers for an undisclosed sum.
Through the deal, the Boston-based acquisitive specialty insurance broker will expand its oil and gas and construction operations, the company said.
Family-owned Hill’s coverage include general, professional, excess professional, pollution, contractor's pollution, and excess liability.
The commercial lines program manager underwrites paper on behalf of three carriers across the US.
“One80 continues to invest in highly focused businesses, and I am thrilled to welcome Hill Program Managers onboard,” said the company's president, Matthew F Power, in a statement.
He added: “Hill Program Managers will deepen One80's expertise in the oil and gas service industries and expand upon our professional and pollution coverage offerings.”
Michael Hill, managing director at Hill, said: “Joining One80 will allow us to provide our agents and brokers with One80's extensive platform and grow together in these exciting times ahead.”
One80, the program management arm of the retail broker Risk Strategies, has been rapidly expanding through a series of M&A deals in recent months.
In October, the wholesaler and program manager acquired Equity Partners Insurance Services, a Louisiana-based MGA and wholesaler for commercial and personal lines.
In March, One80 ventured into the cannabis insurance business with the acquisition of specialist cannabis and hemp wholesale broker and MGA Cannasure Insurance Services.
One month earlier, the company expanded its operations in the automotive sector with the takeover of Edward E Hall & Company, a managing general agency headquartered in New York.