The Hilb Group (THG) has acquired Clark-Mortenson Insurance, an insurance and financial services agency based in New Hampshire.
The transaction became effective April 1; the terms were not disclosed.
Clark-Mortenson Insurance is one of the premier insurance and financial services agencies in the Northern New England area. Founded in 1877, the insurer has locations in both New Hampshire and Vermont and specializes in hospitality, eldercare, residential health facilities and technology.
Following the acquisition, Clark-Mortenson Insurance president Tom Minkler will continue to lead the company of 48 employees while retaining its existing name.
“Adding Clark-Mortenson expands and strengthens our presence in New England,” said THG founder and CEO Bob Hilb. “Their commitment to their clients and community is one that strongly resonates with THG. We look forward to the opportunities that lie ahead with another strong New England-based agency joining our team.”
“As our agency evolves, the needs and desires of our clients do, too,” remarked Minkler. “We wanted a partner that would expand Clark-Mortenson’s services and programs to help meet the needs of our clients, positioning us for sustained growth. The Hilb group was a perfect fit.”
“We live in a community where ‘locally-owned’ speaks volumes,” said Clark-Mortenson CEO Heather Minkler. “The Hilb Group model allows us to maintain the local management that is important to both our clients and staff. We’re also looking forward to expanding our resources for our clients and the opportunities for our employees.”
