Insurance broker Hilb acquires Kentucky-based Martin Agency

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Independent insurance brokerage The Hilb Group L.L.C. has acquired Danville, Kentucky-based brokerage The Martin Agency Inc., Richmond, Virginia-based Hilb said Tuesday.

The terms of the transaction were not disclosed.

Martin will continue to operate at its current offices in Danville, Kentucky, Celebration, Florida, and Ormond Beach, Florida, Hilb said in a statement. Celebration-based John Carrithers, currently an agent at Martin, will lead them.

“We really wanted to make sure we found the right company that would take care of all our employees, and the Hilb Group was just the right choice,” Angela Martin, president of Martin, said in the statement. “Our customers will still have the same Martin team helping them but now with the many resources of the Hilb Group.”

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