Richmond, Va.-based insurance broker Hilb Rogal & Hobbs Company said it has signed an agreement to acquire Talty Insurance Agency Inc. of Denver. Terms of the transaction were not released.
Hilb Rogal said Talty is an independent agency with over $2.7 million in annual revenue, offering tailored coverage for both property-casualty and employee benefits clients, with a focus on community associations, small-business insurance and personal insurance. Talty was founded in 1973.
The transaction is expected to be completed tomorrow. Talty is the third organization to join HRH's Colorado operation in the past year; The Urman Company and Brown/Raynor Corporation were acquired in June and July 2007, respectively.
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