Hub International Acquires CAPAX Management and Insurance Services, Inc.
January 8, 2021
Hub International Limited acquired CAPAX Management and Insurance Services, Inc., a Modesto, California-based insurance brokerage and employee benefits consulting firm. Terms were not disclosed; CAPAX will join Hub California with CAPAX President Joel Geddes III reporting to Michael Der Manouel, strengthening Hub’s capabilities in captive solutions and the Central California agribusiness market.
- Buyers
- Hub International Limited
- Targets
- CAPAX Management and Insurance Services, Inc.
- Industry
- Insurance
- Location
- California, United States
- Transaction Type
- Buyout
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