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The Hilb Group LLC said Tuesday it has acquired New York-based Hiram Cohen & Son Inc.
Terms of the transaction, which closed Dec. 1, were not disclosed. It’s Hilb’s second acquisition this month.
Hiram Cohen & Son, founded in 1919, provides property/casualty coverage, specializing in real estate, law firms, financial institutions, family offices, retailers and importers.
The agency’s 31 employees, including principals Ronald and Darren Cohen, will continue to operate out of their office in Williston Park on Long Island as part of Hilb’s Tri-State operations, Hilb said in a statement.
Richmond, Virginia-based Hilb, a portfolio company of The Carlyle Group, is the 28th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.
Private equity firm The Carlyle Group has agreed to acquire The Hilb Group LLC from Boston-based private equity firm Abry Partners LLC, the Richmond, Virginia-based brokerage Hilb said on Wednesday.