The Hilb Group has announced that it has acquired North Carolina-based Allegacy Benefit Solutions. The acquisition expands the Hilb Group’s footprint in the Southeast and bolsters its expertise in the employee benefits sector. The acquisition took effect on Oct. 1.
Allegacy Benefit Solutions designs custom employee benefits programs to help clients attract and retain top talent, promote engagement and reduce absenteeism, and maintain a healthier and more financially secure workforce. The Allegacy team will join the Hilb Group’s Southeast regional operations.
“This partnership represents a tremendous step for our organization and for our clients,” said Chad Huff, vice president at Allegacy Benefit Solutions. “With Hilb Group, we have the opportunity to build on and enhance the products and services we deliver to our customers. We are thrilled for what’s ahead and what we will achieve together.”
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“We are extremely excited to join Hilb Group,” said Sharan Yorborough, senior vice president at Allegacy. “Our team looks forward to providing the same local, trusted service to our customers and community, while utilizing the national resources offered through our partnership with the Hilb Group.”
“Allegacy Benefit Solutions has established a strong record and valued relationships in an important market,” said Hilb Group CEO Ricky Spiro. “Consistent with our growth strategy, they are positioned to deliver even greater offerings to an expanding client base. We are pleased to welcome them to the Hilb Group and excited for our next steps together.”