Indianapolis-based ONI Risk Partners is detailing plans to acquire HBG Insurance & Bonds in Greencastle. Financial terms of the deal were not disclosed, however ONI says nearly 30 HBG employees will join its ranks as a result.
Rick Bittles, president of HBG, says the company’s clients will continue to work with the existing HBG account teams. He says the deal with ONI will provide a more diversified platform of services for clients.
"HBG is a thriving agency because Rick Bittles and his team have earned the confidence of their clients, hired and developed great people and made a strong civic commitment to Central Indiana," said Jim Hynes, president of ONI Risk Partners. "We do business the same way, so this philosophy of building long-term relationships by offering superior service and unparalleled expertise won’t change."
The companies did not provide an expected closing date for the acquisition.
This is the second acquisition for ONI Risk Partners this year. The company acquired Franklin-based Green Owens Insurance in July.