CHICAGO, July 19,
2024 /PRNewswire/ -- Hub International Limited
(Hub), a leading global insurance brokerage and financial services
firm, announced today that it has acquired the assets
of McClements Insurance Services, LLC. Terms of the
transaction were not disclosed.
With clients throughout Southern, Central and Northern
California, McClements Insurance Services, LLC is a commercial
insurance agency that specializes in helping large employers arrive
at creative solutions for their employee benefits and HR compliance
challenges. Ed McClements, Jr.,
Owner and President and the McClements Insurance Services, LLC team
will join Hub Central and North
California.
"We are excited to have the McClements team's expertise on
our team," said Darren Caesar,
President and CEO of Hub Central & Northern California. "Adding them to our team
further enhances the services we offer to clients regarding their
complex employee benefit matters."
McClements Insurance Services, LLC will be referred to as
McClements Insurance Services, LLC, a Hub International
company.
MarshBerry served as financial advisor to McClements Insurance
Services, LLC for the transaction.
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 WeAreHub.com.
About Hub International
Headquartered in Chicago, Illinois, Hub International
Limited is a leading full-service global insurance broker and
financial services firm providing risk management, insurance,
employee benefits, retirement and wealth management products and
services. With more than 18,000 employees in offices located
throughout North America, Hub's
vast network of specialists brings clarity to a changing world with
tailored solutions and unrelenting advocacy, so clients are ready
for tomorrow. For more information, visit Hub Media Center.
CONTACT:
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312-279-4848
Clark.wormer@hubinternational.com
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SOURCE Hub International Limited