Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it has completed its acquisition of the Denver-based Urman Company. Terms of the deal were not released.
Urman is a retail employee benefits and property-casualty brokerage specializing in insurance programs for public educational entities and municipalities.
HRH said that Urman, founded over 25 years ago, has expanded under the leadership of its current chief executive officer and owner, Frank Urman. It includes a staff of 54 located in Urman's Denver headquarters and three branch offices located in Dillon and Brighton, Colo., and Cheyenne, Wyo. The firm reported annualized revenue of $4.7 million in 2006.
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