Acquisition establishes local market presence for Hub in Central and Western Massachusetts.
Chicago October 7, 2014 -
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Field Eddy, Inc. and Your Choice Insurance Agency, Inc. (together, FieldEddy), servicing the Central and Western Massachusetts area. Terms of the acquisition were not disclosed. FieldEddy's operations will become part of Hub International New England (Hub New England) and strategically broadens its current network of offices located primarily in the Eastern/Boston region.
FieldEddy is a full-service property and casualty, personal lines and employee benefits brokerage, with four locations in and around Springfield, MA. The firm's strengths in the education, healthcare and energy industries, including oil and gas, complement Hub New England's expertise. Additionally, Hub New England will broaden FieldEddy's capabilities with expertise in real estate and non-for-profits, as well as offering a robust risk services solution and access to an expanded carrier network. With the FieldEddy acquisition, Hub New England now has 22 offices and almost 500 employees throughout Massachusetts, New Hampshire and Rhode Island.
Samuel Hanmer, CEO, and Timm Marini, President of FieldEddy will both join Hub New England's executive leadership team. Within the region, Hanmer will focus on identifying potential M&A candidates and strategic growth initiatives, while Marini will coordinate sales strategies. They will both report to Charles Brophy, President and CEO of Hub New England.
"FieldEddy is a talented group of producers with a great local market reputation that gives Hub New England a strong foothold in Central and Western Massachusetts," Brophy commented. "We see a real opportunity to bring Hub's carrier relationships and customized, industry specific risk services capabilities as value adds to clients for an expanded service offering."
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 www.WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, 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 through offices located in the United States, Canada and Latin America. For more information visit www.hubinternational.com.
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Source: HUB International Limited