HRH Buys Rose Smith Tucker
NU Online News Service, June 8, 11:59 a.m. EDT?Hilb Rogal & Hobbs Company said today that it has acquired the operating assets of Rose Smith Tucker, LLC, based in Knoxville, Tenn.[@@]
Terms of the transaction were not disclosed, the Richmond, Va.-based insurance broker said.
Generating approximately $4 million in revenue in 2003, RST specializes in property-casualty risks for the mining and energy industries and commercial surety bonds across the United States.
RST will become part of HRH's Mid-Atlantic region under the direction of Steven C. Deal, regional director. Its existing team of professionals will remain intact and continue to serve clients, HRH said.
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