CHICAGO--(business WIRE)--Hub international confined (Hub), a leading world coverage brokerage, introduced these days that it has agreed to acquire the property of KeenanSuggs assurance Inc. (KeenanSuggs). terms of the acquisition were not disclosed. The deal is expected to shut on August 1, 2016.
With places of work in Columbia, Greenville and Charleston, South Carolina, and Raleigh, North Carolina, KeenanSuggs is a company of multi-line coverage together with property and casualty, personal lines, employee merits and risk capabilities right through the Southeast.
Tommy Suggs, President and CEO of KeenanSuggs, will be a part of HUB as President and CEO of the Carolinas area for Hub Southeast, and Mitch Watson, CFO and COO of KeenanSuggs, will additionally join Hub Southeast's Carolinas region as COO.
"The addition of KeenanSuggs is a online game-altering adventure for Hub Southeast and our Carolina presence," mentioned Mike Chapman, CEO, Hub Southeast. "I appear forward to working with Tommy and Mitch and welcome their terrific team and shoppers as a part of the persevered increase of the Southeast place."
"we're excited to be a part of Hub and mix our supplies to carrier our valued clientele and create opportunities for our employees. KeenanSuggs has all the time believed that our purchasers need more than insurance and built our firm for that reason. The mixture with Hub is a natural development for our firm. we are eager for the long run," mentioned Suggs.
About Hub's M&A activities
Hub overseas restricted is dedicated to starting to be organically and through acquisitions to extend its geographic footprint and fortify industry and product potential. For greater assistance on the Hub M&A experience, consult with WeAreHub.com.
About Hub foreign
Headquartered in Chicago, IL, Hub foreign constrained is a leading global insurance brokerage that offers property and casualty, life and health, employee benefits, funding and chance management items and features from offices observed all through North the united states. For extra suggestions, please consult with hubinternational.com.
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