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Hilb Rogal & Hobbs Company said it completed its acquisition of Banc of America Corporate Insurance Agency L.L.C. yesterday, forming a new business region in the process. Transaction terms were not released.

Headquartered in Cranford, N.J., BACIA’s focus includes employee benefits, which comprises approximately two-thirds of its revenues. The organization also specializes in the public sector and private equity arenas. BACIA was formed through the acquisition and integration of six independent insurance agencies.

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