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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