Hilb Rogal & Hobbs Co. announced that, effective as of September 1, 2008, it has acquired all the stock of G.A. Pearson and Associates Insurance Brokers Inc. 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. Pearson’s employees will merge into HRH’s existing San Diego location, under the local leadership of Thomas A. James, and joining HRH’s West Region under the leadership of Vice President and West Regional Director William F. Creedon.
On June 8, 2008, HRH announced that it had agreed to be acquired by Willis Group Holdings Limited (“Willis”). The proposed merger between Willis and HRH will be submitted to the HRH shareholders for their consideration.
For more information, visit www.hrh.com.
Topics Mergers & Acquisitions Agencies
Was this article valuable?
Here are more articles you may enjoy.
Climate Change, Pollution Push Oceans to Tipping Point, UN Report Says 
USAA Not Done With Dividends: Florida Reforms Prompt $500M Payout 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
