The Hilb Group (THG) announced that it has acquired The Nowell Agency in Mississippi.
The acquisition, which took effect December 01, 2022, further solidifies THG’s presence in the Southeast region while building on its property and casualty expertise.
Offering a range of insurance products for both individuals and businesses, The Nowell Agency has offices in Brandon, Greenwood, Tupelo, Byram, and Hattiesburg, MS. According to a release, the agency was created on the premise of offering “affordable, customized insurance solutions for a variety of clients based on their unique requirements and needs.” The industries this agency serves include fuel distribution, habitational, agribusiness, and more.
Following the acquisition, The Nowell Agency president Michael Nowell and his team of insurance professionals will join THG’s Southeast regional operations.
"Joining Hilb Group is an important step for us in continuing to grow and provide the best products to our clients," said Michael Nowell. "We are excited to deliver the same local, trusted service and commitment to our customers, while adding to our resources and contributing to Hilb Group's overall growth strategy for the future."
With the acquisition of The Nowell Agency, THG now has locations in 24 states, though THG serves clients throughout the US.
"We are pleased to welcome The Nowell Agency and to expand our operations into an important state such as Mississippi," said THG CEO Ricky Spiro. "Michael and his team bring a strong knowledge of diverse customer needs and are geographically positioned throughout the state to provide superior products and service. Our partnership represents an ideal entry into Mississippi, and we look forward to our next steps together."
In other acquisition-related news, THG in October acquired Allegacy Benefit Solutions. Based in North Carolina, Allegacy Benefit Solutions designs custom employee benefits programs.