Hilb Rogal & Hobbs Company brokerage said it plans to acquire KYBA Benefits, an Atlanta-based employee benefits firm.
Terms of the deal were not disclosed. Glen Allen, Va.-based HRH said it expects to complete the transaction Aug. 1.
KYBA, founded in 1990, reported 2004 revenues of approximately $4.5 million. In addition to providing traditional employee benefits products and support services, KYBA provides call centers to answer clients’ and employees’ benefits questions, COBRA administration, employee communications, enrollment administration, bill reconciliation, and HIPAA compliance services.
HRH said KYBA founder and managing partner Bruce W. Bishop will assume the title of executive vice president and his associates will continue to operate from their offices in Marietta, Suwanee and McDonough, Ga., as part of HRH’s Atlanta operation under the leadership of Jason Richardson, president, and Thomas Stiles, HRH Southeast regional director.