Virginia-based Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance and risk management intermediary, announced that it has acquired the book of business of The Aaron Wolf Agency, Inc. of Vineland, New Jersey. Terms of the transaction were not disclosed.
“With annual revenues of approximately $700,000, The Wolf Agency provides clients with property and casualty insurance and risk management services. Aaron Wolf and his son, Daniel S. Wolf, will join forces with and relocate to HRH’s Mount Laurel, New Jersey office under the leadership of Carl J. Timpanaro, President, and the direction of Robert B. Lockhart, Northeast Regional Director,” said the announcement.
Commenting on the transaction, Lockhart stated, “The addition of The Wolf Agency is a nice enhancement to our current operating platform and strengthens our sales and client service capabilities in the state of New Jersey. We look forward to having Aaron and Danny join our team.”
Topics Mergers & Acquisitions New Jersey
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