Hub scoops up Texas agency

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Hub scoops up Texas firm

Hub Worldwide Restricted has continued its M&A spree by buying the property of Business Insurance coverage Brokers. The acquisition was introduced Friday. Phrases of the transaction weren’t disclosed.

Texas-based Business Insurance coverage Brokers is a domestically owned, unbiased insurance coverage company that gives business and private insurance coverage. Ken Foster, president of Business Insurance coverage Brokers, and vice presidents Maggie Foster, Richie Grodin, and Martha Ramirez will be part of Hub Texas and report back to Don Margo, president of Hub Texas in El Paso.

Learn extra: Hub continues M&A spree

The deal is the most recent in a string of acquisitions by Hub. Final week, the corporate introduced the acquisition of property of Arizona-based Eagle American Insurance coverage Company and Ohio-based Most popular Advantages Company.

Hub additionally lately acquired property of Christiansen Insurance coverage Group, a Puerto Rico-based agency that makes a speciality of property and casualty, private insurance coverage, and worker advantages.

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