Hub International Limited (Hub), a leading full-service global insurance broker, announced today that it has acquired the assets of Commercial Insurance Brokers, Inc. Terms of the transaction were not disclosed.
Located in El Paso, Texas, Commercial Insurance Brokers is a locally owned, independent insurance agency that provides commercial and personal insurance solutions. Ken Foster, President of Commercial Insurance Brokers, and Vice Presidents Maggie Foster, Richie Grodin and Martha Ramirez, will join Hub Texas and report to Don Margo, President of Hub Texas in El Paso.
About Hub’s M&A Activities
Hub International Limited 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.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 12,000 employees in offices located throughout North America, Hub’s vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.
