Hub International Acquires Tennessee-Based The Crichton Group.
M2 EQUITYBITES-July 15, 2019-Hub International Acquires Tennessee-Based The Crichton Group
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15 July 2019 - US-based insurance brokerage Hub International Ltd. (Hub) has acquired Crichton, Brandon, Jackson and Ward, Inc., d/b/a The Crichton Group, the company said.
Terms of the transaction were not disclosed.
With TCG, Hub is creating a new regional Hub to be called Hub Mid-South, which will include Hub's existing operations in Tennessee.
Hub Mid-South will cover Tennessee and Kentucky, with the goal of finding other strong partners in those states.
TCG is an independent, full-service commercial, employee benefits and personal lines agency in Nashville, Tennessee.
TCG brings a unique industry focus on construction, real estate, healthcare, nonprofit and social services, as well as alternative risk solutions, which supports Hub's specialty practices by complementing and strengthening Hub's existing capabilities.
Hub has over 800 employees in 38 locations throughout the US South Region, which includes Alabama, Florida, Georgia, Louisiana, Mississippi, North and South Carolina and Tennessee.
The new regional operation will broaden Hub's reach, particularly in Nashville, Tennessee.
TCG's leadership, Jimmy Ward (CEO and co-chair), Bob Jackson (co-chair), Cooper Jones (president) and Austin Madison (senior vice president) will join Hub, as well as vice presidents Dan Hite, Joe Lacher, Blake Wiedman and Philip Barnes.
Jones will become president of the new Hub Mid-South operations, reporting to Chapman.
Hub International Ltd. is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
Headquartered in Chicago, Illinois, Hub International Ltd. is a full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.
Hub has more than 11,000 employees in offices located throughout North America.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jul 15, 2019|
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