Hub, A History

HUB's Timeline

1998
Eleven Canadian brokerages merge to form HUB International, Limited.

HUB posts net earnings of $1.7 million on revenue of $38.7 million.

1999
Company raises $65.9 million through private placements and an initial public offering in Canada.

HUB common shares begin trading on the Toronto Stock Exchange under the symbol HBG.

2001
HUB moves corporate headquarters to Chicago.

2002
U.S. initial public offering raises $88.1 million as HUB lists on the New York Stock Exchange under the ticker symbol HBG. Listing on the Toronto Stock Exchange is maintained.

2004
HUB acquires and integrates seven brokerages, including the $100 million (revenue) Talbot acquisition.

2005
HUB acquires and integrates 15 brokerages.

2006
HUB's market capitalization (total shares x price/share) passes $1 billion for the first time.

HUB raises $114.9 million in a secondary offering of common shares.

HUB acquires three retail brokerages from Citizens Financial Group, adding $45 million to the revenue base.

HUB acquires three trucking insurance specialty agencies (Kaufman & Kaufman, Coburn Insurance and Bart Proud Insurance) forming HUB Transportation Insurance Services, Inc.

2007
HUB acquires the assets of one of the largest Louisiana-based insurance brokers, Hibernia Insurance Agency, LLC, an $18 million revenue brokerage firm that becomes a new regional platform (hub) doing business as HUB International Gulf South (HUB Gulf South).

HUB enters into an agreement to be acquired by Apax Partners together with Morgan Stanley Principal Investments.

HUB acquires Totten Insurance Group Inc. (Totten), a Canadian specialty insurance wholesaler. Totten aligns with The Wholesale Insurance Group (TWIG) to become one entity.

HUB acquires BNC Insurance Services, Inc., one of the largest Arizona-based insurance brokers, adding approximately 96 employees and $19 million to the revenue base.

HUB acquires The Rigg Group, Inc., one of the largest Texas-based insurance brokers, adding $35 million to the revenue base and forming a new regional HUB with offices located in Dallas, Fort Worth and Houston.

HUB successfully completes 25 acquisitions, adding 805 employees.

2008
HUB acquires HKMB International Insurance Brokers (HKMB), adding 250 employees and $40 million to the revenue base. This transaction forms a new regional hub in Toronto, Ontario.

HUB acquires Scheer's, Inc., one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds, adding more than $12 million in revenue.

2009
HUB acquires the renewal rights to Liberty Mutual’s middle market commercial property and casualty business in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana, Nebraska, Oklahoma, Utah and Texas.

HUB acquires Mones & Associates Insurance Brokers, one of the largest insurance brokers in Western and Northern Canada, and expands operations to seven new locations.

 2010
HUB acquires and integrates 22 brokerages.

2011
HUB acquires First Southeast Insurance Services, a full service insurance brokerage, and forms a new regional hub doing business as HUB International Southeast with headquarters in Charleston, SC and offices through the Carolinas.