Richmond, Va.-based brokerage giant Hilb Rogal & Hobbs Co. announced that it has completed the previously announced acquisition of the operating assets of Insurance Services Inc., a Wisconsin insurance broker with 2003 revenues of about $6.8 million.
With completion of the Insurance Services transaction, HRH has acquired more than $63 million in annualized revenues in seven transactions in 2004, exceeding its goal for the year of acquiring $30 million to $60 million in annualized revenues.
Founded in 1868, Insurance Services employs 50 professionals, providing risk management, commercial property/casualty insurance and employee benefits products to clients from its Appleton, Wis., headquarters. President Kelly P. Kornely will continue to manage Insurance Services and report to John P. McGrath, HRH vice president and Midwest regional director.
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