Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Marrs Maddocks & Associates Insurance Services, Inc. (MM&A), servicing the San Diego area. Terms of the acquisition were not disclosed. MM&A will become part of the California operations of Hub International Insurance Services (Hub California).
MM&A, led by Richard and Daniel Marrs and Nancy Maddocks, is a full-service property and casualty, personal lines and employee benefits brokerage with a track record of providing innovative wellness services. MM&A is located in Carlsbad, California, just north of San Diego. All three principals and their staff will be joining Hub California and maintaining their existing office location. The acquisition establishes Hub California's 30th office and gives it more than 850 employees in the State of California. The MM&A operations will report to Mike Barone, National President, Employee Benefits, Hub International.
"As Hub continues to grow organically and through acquisitions, we are frequently evaluating potential acquisitions. A strategic element of that evaluation is the culture of the acquiree," noted Barone. "While MM&A's solutions - P&C, personal and employee benefits - were in line with Hub's, more importantly its culture, approach to best practices and standards were a perfect fit for us."
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