HUB INTERNATIONAL TRANSPORTATION ACQUIRES TEMPLETON SOUTHWEST AGENCIES

 

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 Add Title:  HUB INTERNATIONAL TRANSPORTATION ACQUIRES TEMPLETON SOUTHWEST AGENCIES
Subtitle:

Fold-in Operation Will Further HUB's Presence in Texas and Expand Trucking Specialty

 Location:  Chicago, IL
 Date:    2007-08-06  
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Hub International Limited announced today that Hub International Transportation Insurance Services Inc. (HUB Transportation) has acquired the stock of Templeton Southwest Insurance Agency, Inc. and Templeton Southwest of Houston Insurance Agency, Inc. (Templeton), Texas-based insurance brokers specializing in commercial trucking insurance services.  Terms of the transaction were not disclosed. 

Located in San Antonio, Texas, Templeton has approximately $3.3 million in annualized revenue.  Dennis Templeton, President of Templeton, will become vice president of HUB Transportation’s Texas-based operations. 

“The Templeton acquisition presents an impressive market opportunity to expand HUB Transportation throughout the State of Texas,” said Dale Kaufman, HUB Transportation’s chief executive officer.  “It also supports our initiative to further expand and intensify our transportation speciality focus,” Kaufman added.

Templeton was founded in 1982 by Dennis Templeton, an insurance veteran who has over 25 years of industry experience.

 “Joining HUB will allow us to provide an expanded product offering to our clients,” said Templeton.  “This deal also provides us the ability to tap other specialized insurance experts and to become a stronger resource to those we service.”

The Templeton acquisition marks HUB International’s second foray into the Texas market.  HUB International recently announced it has entered into a definitive agreement to acquire The Rigg Group, Inc. (Rigg), one of the largest Texas-based insurance brokers.

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