Hilb Rogal & Hobbs Company has announced that it has acquired all of the stock of Frank F. Haack & Associates, Inc. (Haack), a Wisconsin-based insurance brokerage and employee benefits consulting operation with revenues of more than $22 million in 2003.
Terms of the transaction were not disclosed.
Founded in 1917, Haack offers a wide range of insurance and employee benefits products and services, including property and casualty, managed care, risk management and claims analysis. Haack associates will continue serving clients from offices in Milwaukee and Green Bay under the existing leadership of Chairman and Chief Executive Officer William R. (Bill) Haack and President and Chief Operating Officer James R. (Jim) Mueller. Haack will become part of HRH’s Midwest region under the direction of HRH Vice President, Midwest Regional Director John P. (Jack) McGrath. Haack’s sister company, Zywave, was not part of the transaction and will continue to operate as an independent company.
HRH Chairman and Chief Executive Officer Martin L. (Mell) Vaughan, III said, “Haack’s reputation and status as an Assurex Partner and Intersure member made it an especially attractive candidate. This addition brings a wealth of talent and experienced professionals to our growing Midwest region and continues our commitment of expanding our sales and service capabilities to provide clients with the best options available. I would like to welcome Bill, Jim and the entire Haack team to HRH.”
Haack commented, “When looking for a potential partner, we wanted a firm that would further support our ability to serve our clients and also promote the professional development of our people. We have found such a partner in HRH. We are excited about the future and are confident that the Wisconsin business community will welcome an additional choice that is national in scope, yet entrepreneurial in spirit.”
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