HUB INTERNATIONAL ACQUIRES LENHARDT INSURANCE AGENCY, INC

 

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 Add Title:  HUB INTERNATIONAL ACQUIRES LENHARDT INSURANCE AGENCY, INC
Subtitle:

Fold-in Operation Further Expands HUB's Montana Presenc and Adds to Trucking Specialty

 Location:  CHICAGO, ILLINOIS
 Date:    2008-01-07  
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Hub International Limited announced today that Hub International Transportation Insurance Services Inc. (HUB Transportation) has acquired all of the assets of Billings, Montana-based Lenhardt Insurance Agency, Inc. (Lenhardt), an insurance broker specializing in commercial trucking insurance services.  Terms of the transaction were not disclosed. 

 “This acquisition presents an impressive market opportunity to expand throughout the State of Montana,” said Dale Kaufman, HUB Transportation’s chief executive officer.  “At the same time, it also supports our initiative to join with the most experienced professionals to further enhance our speciality focus,” Kaufman added.

“Becoming part of HUB allows us to make an extensive list of product offerings available to our clients,” said Mark Lenhardt, president of the agency.  “This transaction also grants us access to tools, resources and other insurance experts to become an even stronger resource for those we service.”

Lenhardt was founded in 1963 by Mark’s father, John Lenhardt.  Mark Lenhardt is an insurance veteran who has over 25 years of industry experience.

Headquartered in Chicago, IL, Hub International Limited is a leading North American insurance brokerage that provides a broad array of property and casualty, reinsurance, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.

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CONTACT:

MEDIA CONTACTS:
W. Kirk James
Vice President, Secretary and
Chief Corporate Development Officer
Phone: 312.279.4881
kirk.james@hubinternational.com

Heather Schneider
Corporate Communications Director
Phone: 312.279.4683
heather.schneider@hubinternational.com

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 SOURCE :   HUB International Limited