Hilb Group LLC said on Tuesday that it completed its acquisition of New York-based Rampart Brokerage Corp & Affiliates, effective December 1.
The terms of the transaction were not disclosed.
With nearly 200 employees, Lake Success, New York-based Rampart provides upper-middle-class commercial lines, high-net personal lines, individual lives and group benefits to customers in the New York Tri-State area and across the United States, Hilb said in A statement.
As part of the deal, Rampart Brokerage Corp. CEO Gary Morris, Partner Robby Morris, Marketing Manager Sandy Morris, Rampart Agency Inc. CEO Marc Blatt, Rampart Benefit Planning Inc. CEO Evan Portnoy, Principal Steve Jaeger and staff joined Hilbs Tri ̵
They will continue to work at existing locations in New York, New Jersey and Pennsylvania, Hilb said.
Richmond, Virginia-based Hilb, a portfolio company of The Carlyle Group, is 28th most broker of American business according to Business Insurance latest ranking.