Hilb Rogal & Hobbs Co. of Richmond, Virginia, has acquired the property/casualty insurance agency Brown/Raynor Corp. of Colorado. Terms of the transaction, which closed on July 31, 2007, were not disclosed.
Founded in 1985 by George “Hank” Brown and Walt Raynor, Colorado-based Brown/Raynor reported $4.5 million in revenue in 2006. Brown/Raynor specializes in coverage for home builders.
Brown/Raynor’s staff of 29 professionals will continue to serve clients from their existing office in Greenwood Village, Colorado, joining HRH’s West Region under the leadership of Vice President and West Region Director William F. Creedon.
Source: Hilb Rogal & Hobbs Co.
www.hrh.com
Topics Mergers & Acquisitions
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