Hilb Rogal & Hobbs Acquires G.A. Pearson and Associates

Hilb Rogal & Hobbs Co. (HRH) announced Tuesday that it acquired G.A. Pearson and Associates Insurance Brokers in San Diego on Sept. 1. The transaction included an acquisition by Hilb Rogal & Hobbs of all of G.A. Pearson and Associates stock. The terms of the transaction were not disclosed.As part of the acquisition, Pearson's employees will merge into Hilb Rogal & Hobbs existing site in San Diego, California, and will join the company's West region.Pearson, which is based in San Diego, California, had approximately $3.8 million in revenue in 2007. Founded 27 years ...