RICHMOND, Va. (AFX) - Hilb Rogal & Hobbs Co., an insurance and risk management intermediary, agreed to buy Chicago-based Thilman & Filippini L.L.C. for an undisclosed sum.
Privately held Thilman provides a range of property and casualty and employee benefits insurance products and services, serving clients in industries including construction, health care, energy and professional sports.
Hilb Rogal said the purchase will make it one of the top four brokers in Chicago and deepens its presence in the Midwest as well.
Thilman posted 2005 gross revenue of about $24 million and employs more than 130 professionals, all of whom will join Hilb Rogal.
The transaction is expected to close by Aug. 1, subject to regulatory approval.
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