HRH Sees More Takeovers After Acquisition Of Hobbs
Hilb, Rogal and Hamilton Company, which announced this month that it will buy Hobbs Group in a deal worth over $240 million, says they are not through in the "acquisition game."
The Richmond, Va.based HRH, which advertises itself as the 10th-largest brokerage worldwide, will be acquiring Atlanta-based Hobbs, adding 27 offices in 15 states to its current 80 offices in 22 states. Timothy J. Korman, HRHs executive vice president for finance and administration, said Hobbs is the 17th-largest insurance broker in the country, handling some $1.7 billion in insurance premiums.
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