Insurance brokerage Hilb Rogal & Hobbs Company (HRH), which has pending a merger with Willis, said it has acquired all the stock of San Diego-based G.A. Pearson and Associates Insurance Brokers Inc.
Terms of the transaction were not disclosed.
Pearson, founded 27 years ago by Glenn A. Pearson, had approximately $3.8 million in revenue in 2007, according to HRH.
Pearson's employees, HRH said, will merge into HRH's existing San Diego location under the local leadership of Thomas A. James and join HRH's West Region under the leadership of vice president and west regional director William F. Creedon.
Mr. Creedon said, "Pearson has built an amazing reputation for their client focus and commitment to service, which are two cultural characteristics HRH takes great pride in as a company. In addition to their premier client base, we feel that Pearson's expertise will blend very nicely into our existing talent in HRH's San Diego location. We feel privileged and honored to add the Pearson associates to our company."
HRH agreed to be acquired by Willis Group Holdings Limited on June 8. HRH said the proposed Willis/HRH merger will be submitted to HRH shareholders for their consideration.
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