Hilb Rogal & Hobbs (HRH) Acquires G.A. Pearson and Associates
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Hilb Rogal & Hobbs Company (NYSE: HRH) has acquired all the stock of G.A. Pearson and Associates Insurance Brokers, Inc. (Pearson).
Terms of the transaction were not disclosed.
With approximately $3.8 million in revenue in 2007, Pearson was founded 27 years ago by Glenn A. Pearson. The company is based in San Diego and specializes in commercial, construction and complex property insurance.
Hilb Rogal & Hobbs Company (HRH) serves as an insurance and risk management intermediary between its clients and insurance companies that underwrite client risks. [SM]
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