RICHMOND, Va., October 30, 2019-- The Hilb Group, LLC ("Hilb"), a leading national insurance broker, announced today that it has signed a definitive agreement with global investment firm The Carlyle Group (NASDAQ: CG) for investment funds affiliated with Carlyle to acquire a majority interest of Hilb. Hilb's existing management team and employee shareholders are expected to remain significant shareholders. Hilb is currently a portfolio company of Abry Partners, a Boston-based private equity firm. Founded in 2009, Hilb employs more than 900 associates and operates 91 branch offices serving all 50 states.