Virginia-based insurance broker Hilb Rogal & Hobbs Co. has agreed to acquire substantially all of the assets of Charlton Manley, Inc. , a Kansas-based retail property and casualty insurance agency and brokerage and employee benefits consulting firm.
Terms of the transaction, which is expected to close on July 1, 2007, were not disclosed.
Charlton Manley reported $10 million in annual revenues in 2006. Primarily a mid-market, general lines agency, Charlton Manley’s areas of specialization include construction, medical professional liability, truckers’ liability, schools and school athletic programs.
Charlton Manley’s staff of 70 will continue to serve clients from their existing offices located in Lawrence, Topeka, and Overland Park, expanding HRH’s current Kansas presence beyond Wichita and Pittsburg.
Charlton Manley will join HRH’s Central Region under the leadership of Vice President and Central Regional Director, William L. Chaufty.
Source: Hilb Rogal & Hobbs Co.
www.hrh.com
Topics Mergers & Acquisitions Kansas
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