Overview of Transaction

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• Greenwald Berk Agency (“GBA”) was founded in 1912 by Max Berk with a vision to provide clients with the highest quality insurance services combined with the lowest rates available.

• Based out of Kingston Pennsylvania, GBA offers a full spectrum of business insurance, personal insurance and life/health products and services. This acquisition will establish THG’s first location in Pennsylvania.

• Bob Greenwald, agency leader, will continue to lead GBA’s associates out of the Kingston location following the transaction.

• GBA agreed to be acquired by the Hilb Group, a top 30 insurance agency.

 

Significance of Transaction

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• The Greenwald Berk acquisition expands The Hilb Groups reach on the east coast.

• The Hilb Group is a middle market insurance agency headquartered in Richmond, Va., and is a portfolio company of Boston-based private equity firm, Abry Partners. The company now has more than 80 offices in 20 states.

• This deal allows GBA to maintain its reputation as a premier agency in the area by expanding the resources available to clients and associates.

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Sica | Fletcher's Role

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• GBA engaged Sica | Fletcher to explore multiple strategic options for the firm.

• The GBA transaction builds on Sica | Fletcher's track record of success across the Commercial & Personal lines space.

• This transaction further highlights Sica | Fletcher’s strong relationships with top-tier investors, having worked with The Hilb Group on numerous deals.