HKMB International Insurance Brokers and Hub International have entered into a definitive agreement pursuant to which HKMB will join with Hub International.
HKMB’s existing ownership group will continue as equity partners in the combined firm. The transaction is expected to be completed in early January, 2008.
Martin Hughes, CEO and chairman of Hub International, said: The combination with HKMB will add great depth and talent to our Canadian operations. We have the advantage of knowing the leadership at HKMB very well and they will retain significant equity in the combined entity.
We admire their approach to business and respect their management style. HKMB is going to be a great fit with us, and we couldn’t be happier to have them join our growing corporate family.