Insurance company Hilb Rogal & Hobbs Company has signed a definitive agreement to acquire substantially all of the assets of Talty Insurance Agency. The transaction is expected to be completed on February 1, 2008. The terms of the transaction were not disclosed.
Talty is the third organization to join Hilb Rogal & Hobbs Company’s Colorado operation in the past year. The Urman Company and Brown/Raynor were acquired in June and July 2007, respectively.
Martin Vaughan, III, chairman and CEO of Hilb Rogal & Hobbs Company, said: HRH has recently integrated two other excellent organizations in the Denver area and we are excited to have found a third company that will help to expand our offerings in this location.