Hilb acquires New Jersey broker

The Hilb Group LLC said Thursday that it has acquired New Jersey-based William H. Connolly & Co. LLC.

Terms of the transaction, which closed Dec. 1, were not disclosed.

Connolly, founded in 1950, provides mainly property/casualty insurance to businesses, including health care organizations, educational institutions, professional firms, and not-for-profit and social service agencies, Hilb said in a statement.

Connolly’s 55 employees, including William H. Connolly Jr., son of the founder, will join Hilb’s Tri-State operations, doing business as William H. Connolly & Co. out of its existing office in Montclair, New Jersey.

Richmond, Virginia-based Hilb is the  28th largest brokerage of U.S. business, according to Business Insurance’s most recent ranking.