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Boston’s Sheppard Riley Coughlin (SRC), one of the Northeast’s leading insurance brokerage firms, announced that it has been acquired by Hilb, Rogal and Hamilton Company (HRH), the world’s tenth largest insurance intermediary.

The bulletin indicated that “SRC Founders Thomas W. Sheppard, Chairman, Thomas R. Riley, President and Priscilla R. Coughlin, Executive Vice President, and their staff of more than 50 professionals will continue to serve clients as a standalone operation out of their Boston offices.”

“Having a company like Hilb, Rogal and Hamilton choose us as the firm of choice to help strengthen their Boston presence is very flattering, and further validation of our growth and success,” Sheppard stated. “Joining forces with HRH helps us to offer our valued clients the caliber of personalized service we pride ourselves in at a heightened level, providing clients even greater national reach and breadth.”

SRC generates in excess of $10 million in revenues annually, and has earned a firm a reputation for designing sophisticated, competitive insurance programs. “This organization has developed significant expertise in marketing and servicing the insurance and risk management needs of large corporate clients. The addition of this top quality firm further supports our continued growth strategy to strengthen capabilities for middle-market and risk management clients,” indicated Andrew L Rogal, HRH Chairman and CEO.

Topics Mergers & Acquisitions Agencies