Dallas-based construction surety and insurance agency, Mullis Newby Hurst LP, announced a merger with Watson Agency Inc. The combined company will operate under the Mullis Newby Hurst name.
“This merger gives our company tremendous depth in construction bonding experience,” said Sam J. Mullis, Jr., one of the founders of Mullis Newby Hurst. “And adding capable staff will improve our efficiency and service to our clients.”
Ray Watson will become vice president of Mullis Newby Hurst. Before opening his own surety agency in 1985, Watson was a bond manager with a national surety company. He and his employees will relocate from Richardson to the Mullis Newby Hurst offices on Dallas Parkway.
“This merger makes sense because both agencies work exclusively with construction industry clients,” said Ray Watson. “With Mullis Newby Hurst, clients of the Watson agency will now have a one-stop shop for both surety bonds and insurance.”
The merger creates one of the largest writers of construction surety bonds in Texas.
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