Hull & Co. Acquires Gray-Stone’s Stockton, Calif. Office

November 26, 2002

Richard Hull, chairman and CEO of Hull & Company Inc., and Howard Stone, president of Gray-Stone & Company, recently announced the sale of Gray-Stone’s Stockton, Calif. office to Hull & Company.

“The sale of the Stockton operation to Hull & Company will be a win-win for both Gray-Stone and Hull,” said Stone. “This deal allows us to focus on expanding our key products, such as our Law Program, and allows Hull to establish their brand in the Northern California marketplace.”

“We are thrilled that Paul Wahlstrom, Jeff Case, and their outstanding team of insurance professionals have become a part of the Hull & Company family,” said Hull. “Hull & Company has had a presence in California since 1969 and this new office will help us achieve our ultimate goal of being the pre-eminent wholesaler in the State.”

Hull’s Newport Beach office will continue to concentrate on the Southern California market and the Stockton operation will focus on the Northern California market. Hull will have 15 offices coast to coast, including Hawaii.

“Gray-Stone & Company will celebrate 70 years in business this coming year and Hull is currently celebrating 40 years,” said Hull. “We are two quality organizations that are dedicated to providing long-term quality service and solutions to California producers, our businesses wouldn’t have made it this far if we didn’t deliver.”

“Adding a quality team from a quality organization such as Howard’s could not be more gratifying. We’re looking forward to a bright future in California,” added Hull.

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