Virginia-based HRH (Hilb Rogal & Hobbs Company) has signed a definitive agreement to acquire substantially all of the assets of Talty Insurance Agency, Inc. (Talty). The transaction is expected to be complete this Friday. Terms of the transaction were not disclosed. Denver-based Talty has been independently owned since its foundation in 1973. With more than $2.7 million in annual revenue, Talty offers tailored coverage for both property and casualty and employee benefits clients, with a focus on community associations, small business insurance and personal insurance. Talty is the third organization to join HRH's Colorado operation in the past year; The Urman Company and Brown/Raynor Corporation were acquired in June and July 2007, respectively. HRH is the eighth largest insurance and risk management intermediary in the United States, with more than 140 offices throughout the United States and the world.
Tuesday, January 29, 2008
HRH to Acquire Talty Ins. Agency Assets
Virginia-based HRH (Hilb Rogal & Hobbs Company) has signed a definitive agreement to acquire substantially all of the assets of Talty Insurance Agency, Inc. (Talty). The transaction is expected to be complete this Friday. Terms of the transaction were not disclosed. Denver-based Talty has been independently owned since its foundation in 1973. With more than $2.7 million in annual revenue, Talty offers tailored coverage for both property and casualty and employee benefits clients, with a focus on community associations, small business insurance and personal insurance. Talty is the third organization to join HRH's Colorado operation in the past year; The Urman Company and Brown/Raynor Corporation were acquired in June and July 2007, respectively. HRH is the eighth largest insurance and risk management intermediary in the United States, with more than 140 offices throughout the United States and the world.
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