Hub International Limited (Hub), a leading global insurance brokerage, risk advisory and employee benefits firm, announced today that its Hub International Gulf South division (Hub Gulf South) has acquired the assets of Fox/Everett, Inc., one of the largest independently owned insurance agencies in Mississippi and one of the Southeast's most successful insurance brokerage firms. Terms of the acquisition were not disclosed. The combining of these two brokerage firms further demonstrates Hub's continued commitment to expanding in both Mississippi and the larger Gulf South region.
Fox/Everett is a leader in commercial and personal property & casualty insurance brokerage with industry specialists in healthcare, construction, financial services and transportation. Fox/Everett is also recognized as a specialist and leader in employee benefits, third-party administration and retirement plan consulting & administration. Fox/Everett's four Mississippi and Louisiana locations complement Hub Gulf South's nine established locations throughout Mississippi, Louisiana and Alabama that specialize in many of the same industries, as well as marine and energy.
"Hub Gulf South's combining with Fox/Everett broadens our service offerings for middle market companies, local market specialization and industry expertise," commented Steve Terry, President of Hub Gulf South. "Our combined client base throughout the Gulf South region and into Texas and the rest of the Southeast significantly increases our ability to service a larger and more diverse middle market customer base."
Fox/Everett's President, Larry Vance, will serve as President of Hub Gulf South's newly combined Mississippi operations, which include existing offices in Ridgeland, Hattiesburg and Oxford. Vance will also serve on the Hub Gulf South regional executive management team.
Larry Vance noted, "Joining the Hub Gulf South team is an exciting step in our nearly 70 years of doing business in Mississippi. Together, we bring an unmatched local market expertise with the strength and resources of Hub's global capabilities. I'm excited to lead the Mississippi operations to further growth and acquisition in our region."
Hub is dedicated to building a network of local insurance and risk management experts throughout North America.
Headquartered in Chicago, IL HUB International Limited is a leading global insurance brokerage firm offering property and casualty and personal insurance, and risk advisory and employee benefits services for thousands of middle-market companies. It provides these services through a network of geographically located specialist offices with industry expertise throughout the United States, Canada, Puerto Rico and Brazil. For more information go to www.hubinternational.com.
MEDIA CONTACT:
Marni Gordon
Hub International Limited
Director, Corporate Communications
Phone: 312.279.4601
[email protected]
BROKERAGE AND BANKER CONTACT:
Clark Wormer
Hub International Limited
Director, Mergers & Acquisitions
Phone: 312.279.4848
[email protected]
Source: HUB International Limited