Insurance broker Hilb Rogal & Hobbs Company said it has signed an agreement to acquire Thilman & Filippini, L.L.C., a Chicago-based brokerage firm, increasing HRH revenues to over $700 million.
Terms of the deal were not released. Richmond, Va.-based HRH said it expects to complete the acquisition by Aug. 1, subject to regulatory requirements.
With 2005 gross revenues of approximately $24 million, Thilman & Filippini provides a wide range of property-casualty and employee benefits insurance products and services. The firm maintains specialized practice groups and programs for the health care, senior living and real estate sectors, as well as the energy, professional sports and cast metal industries.
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