Hub International Acquires Western Assurance Corp.
March 4, 2022
Hub International Limited acquired the assets of Western Assurance Corp., an independent insurance agency based in Albuquerque, New Mexico. The acquisition expands Hub's commercial and personal insurance capabilities (including employee benefits) and strengthens its Specialty practices by adding Western Assurance's experience serving non-profit, construction and transportation clients; the Western Assurance team will join Hub Southwest. Terms were not disclosed; Western Assurance was represented by Mystic Capital.
- Buyers
- Hub International Limited
- Targets
- Western Assurance Corp.
- Sellers
- Western Assurance Corp.
- Industry
- Insurance
- Location
- New Mexico, United States
- Transaction Type
- Buyout
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