Hub International, a Chicago-based insurance brokerage firm, has acquired the shares of Hall-Conway-Jackson (HCJ) and the assets of Cascade Insurance Group, Washington-based insurance brokerage and employee benefit firms, respectively.
Following this acquisition, HCJ and Cascade, who share a joint partnership, will become part of Hub International Northwest.
As part of the transaction, the firms’ two key principals, Thomas Jackson and Bob Schmidt, will join Hub Northwest, and will report to Andy Prill, president and CEO of Hub Northwest.
HCJ, established in 1935, offers middle market property and casualty, employee benefits and personal lines products and services. In 1989, they formed a joint venture with Cascade to manage and develop both companies’ group insurance business.
Jointly, they are a full service brokerage with specialty program expertise in professional liability, restaurants, product recall, and taverns.
According to the Hub International, the acquisition of HCJ and Cascade will continue to diversify Hub Northwest’s current customer base, which includes numerous construction companies throughout the Pacific Northwest and Alaska.
Prill said this group is undoubtedly one of the top independent brokers in the Pacific Northwest, with a 75 year history of providing insurance services to some of the area’s top companies and individuals
"This acquisition represents a strong growth platform outside of the construction industry for Hub Northwest and together we look forward to providing their clients with the finest insurance products and services in the region," Prill said.
The terms of the acquisition were not disclosed.