Hilb Group acquires specialized agency

The Hilb Group L.L.C. said on Tuesday that it has acquired Keene, New Hampshire-based Clark-Mortenson Insurance.

The terms of the transaction were not disclosed.

Clark-Mortenson Insurance is an independently owned insurance and financial services agency that specializes in hospitality, elder care, residential health facilities and technology, The Hilb Group said in a statement.

Tom Minkler, Clark-Mortenson Insurance president, will continue to lead the company’s 48 employees under its existing name, according to the statement.

“Adding Clark-Mortenson expands and strengthens our presence in New England,” Richmond, Virginia-based Bob Hilb, president and CEO of The Hilb Group said in a statement. “Their commitment to their clients and community is one that strongly resonates with THG. We look forward to the opportunities that lie ahead with another strong New England-based agency joining our team.”