Hub International, a leading global insurance brokerage, announced that it has acquired the assets of the Columbian Agency operations.
Terms of the acquisition were not disclosed.
Based in New Lenox, Illinois, Columbian operations specialize in providing commercial lines insurance and surety bond solutions for the construction industry.
Columbian’s owners, Kevin Scanlon, Gary Eaton, Lee McWethy and Rob Kegley, will join Hub Midwest.
"We are very excited about the talent, expertise and experience from Columbian that will be joining our Construction and Surety Practices," stated Neil Hughes, President and CEO, Hub Midwest.
"By combining our core strengths, we will have a very compelling value proposition for construction companies. Overall, Columbian will certainly help Hub in our continuous effort to be the best integrated brokerage firm in the Midwest."
"We are excited to become part of one of the nation’s largest brokers. Hub International’s resources, coupled with being part of a regional local market, will benefit our employees, clients and business partners. By adding the support and strength of Hub, our clients can expect more choices and an even greater network of expertise," stated Scanlon.
Hub is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
Headquartered in Chicago, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America.