CHICAGO, July 22,
2024 /PRNewswire/ -- Hub International
Limited (Hub), a leading global insurance brokerage and
financial services firm, announced today that it has acquired the
assets of Wade Associates, LLC (Wade Associates). Terms of the
transaction were not disclosed.
With locations in Davidson,
New Bern, Raleigh and Wilmington, North Carolina, Wade Associates is
an independent insurance agency offering a comprehensive suite of
insurance and risk management solutions. Their industry expertise
in construction, manufacturing, healthcare/life sciences and
technology supports Hub's Specialty practices by complementing and
strengthening its existing capabilities.
"Adding Wade Associates to Hub underscores our strategic focus
of continuing to grow in the region with specialists who have a
deep understanding of insurance and risk management," said
Tim Smith, President of Hub
Carolinas. "Together, we will continue to expand our capabilities
and deliver exceptional results for our clients."
Cheryl Nabell, President, and the
Wade Associates team will join Hub Carolinas.
"Joining Hub with its expansive breadth and depth of resources
and expertise is an exceptional opportunity that positions us to
better serve our clients," said Nabell.
Wade Associates will be referred to as Wade Associates, LLC, a
Hub International company.
Reagan Consulting represented Wade Associates 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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/hub-international-expands-commercial-and-personal-insurance-capabilities-with-acquisition-of-wade-associates-llc-in-north-carolina-302201703.html
SOURCE Hub International Limited