MillBrook Benefits & Insurance Services, LLC
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MillBrook Benefits & Insurance Services, LLC - overview
Established
2002
Location
-, MA, US
Primary Industry
Insurance
About
MillBrook Benefits & Insurance Services, LLC, located in the US, specializes in delivering tailored insurance and employee benefits solutions to meet individual and business needs across various sectors. MillBrook Benefits & Insurance Services, LLC was founded in 2002 and operates primarily in the insurance sector. The firm was recently acquired on July 28, 2021, by The Hilb Group, LLC, which is part of a portfolio managed by Carlyle Group. The founder's specifics are not provided, but the company has demonstrated a clear focus on enhancing its services and operational capacity through strategic acquisitions.
MillBrook Benefits & Insurance Services, LLC offers a wide array of personal and commercial insurance solutions along with employee benefits services. Their offerings are designed to address diverse client needs, including asset protection, employee health management, and financial optimization. The clientele comprises small to medium-sized businesses and individuals seeking personal insurance products. The firm adapts its services to meet specific client requirements, ensuring customized insurance solutions across various states in New England.
The revenue model of MillBrook Benefits & Insurance Services, LLC is centered around B2B transactions, providing insurance coverage and employee benefits. The firm generates revenue from the sale of insurance policies and related services, which includes subscription-based offerings for ongoing employee benefits management. Key services include commercial lines insurance, personal lines insurance, and employee benefit plans, which are integral to the company's financial structure. Following the acquisition deal finalized on July 28, 2021, MillBrook Benefits & Insurance Services, LLC aims to expand its footprint both within New England and nationwide.
The company will focus on advancing its product offerings and enhancing its services to meet evolving market demands. Recent funding will support these expansion efforts, facilitating growth into new markets and regions.
Current Investors
The Hilb Group, LLC
Primary Industry
Insurance
Sub Industries
Personal Insurance, Claims Administration & Processing
Website
www.millbrookbenefits.com
Verticals
InsureTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
MillBrook Benefits & Insurance Services, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | MillBrook Benefits & Insurance Services, LLC | - |
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