Hilb, Rogal and Hamilton Co. has completed three fold-in acquisitions, expanding the company’s operations in southern California, Dallas and Orlando. In Newport Beach, Calif., Hilb, Rogal and Hamilton subsidiary Professional Practice Insurance Brokers acquired virtually all of the operating assets of Kelter-Thorner Insurance Agency of Southern California.
Hilb, Rogal and Hamilton of Dallas acquired virtually all of the operating assets of The Insurance Managers. And in Orlando, Hilb, Rogal and Hamilton acquired almost all of the operating assets of Michael Klocke & Co. The California acquisition was first announced in February, while the Dallas fold-in occurred in March. The Orlando acquisition was the most recent, occurring this month.
“Where the company has an existing office, we aggressively seek fold-in acquisitions, which draw on the strengths of both organizations and can, due to an already established presence, have a lower integration risk than new locations,” said Timothy Korman, executive vice president of finance and administration. “Nonetheless, we are also actively seeking highly professional and profitable new locations to expand our network of risk management intermediaries. The addition of quality properties in both new and existing locations strengthens our company.”
Topics California Mergers & Acquisitions
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