Apr 11, 2011 – Hub International acquires Hale Insurance Brokerage
HUB INTERNATIONAL ACQUIRES HALE INSURANCE
BROKERAGE
Chicago, IL, April 11, 2011: Hub International Limited (Hub), a leading insurance
brokerage firm, announced today that it has acquired the assets of Hale Insurance
Brokerage, L.L.C. (Hale), a Cranford, New Jersey-based insurance brokerage firm.
Terms of the acquisition were not disclosed. Employees of Hale will become part of the
Hub International Northeast Limited (Hub Northeast) operations in Berkeley Heights,
New Jersey. Scott Readlinger, Hale’s President and Chief Executive Officer, will join
Hub Northeast as part of the acquisition, reporting to Damian Testa, President of New
Jersey and Pennsylvania Operations.
Founded in 2003 by several insurance industry veterans, Hale currently offers property
and casualty and employee benefits insurance, as well as risk management programs, to a
wide range of small to middle market commercial clients, with significant expertise in
public entities. Hale also works with thousands of individuals to advise and procure
personal insurance programs for all lines of coverage, including auto, homeowners’, and
life insurance.
“The Hale team has built a very impressive organization in less than a decade and we are
proud to welcome them to Hub,” said Damian Testa. “We are excited to expand our
current New Jersey operations by adding very talented staff, and new expertise in the
public entities arena. We look forward to providing the Hale clientele with the many
value-added services we offer as one of the nation’s largest brokerages.”
Headquartered in Chicago, Hub International Limited is a leading insurance brokerage
providing a broad array of property, casualty, risk management, employee benefits,
investment and wealth management products across North America. Hub is dedicated to
helping businesses and individuals manage their insurance needs and plan for the
unforeseen. For more information, visit www.hubinternational.com.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International. For more information on Mystic Capital, please contact Kevin P.
Donoghue at 212-251-0972 or visit www.mysticcapital.com .
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