Hub International Acquires Post & Kurtz, Inc.
CHICAGO–Aug. 2, 2006– Hub International Limited (NYSE:HBG)(TSX:HBG)
announced today the purchase of Post & Kurtz, Inc., an employee benefits insurance
brokerage that specializes in serving law firms and other service entities. The company,
formed in 1932, will become part of Hub International Northeast (“HUB Northeast”),
based in New York City.
“This transaction further develops our already solid employee benefits capabilities,” said
Marc I. Cohen, president and chief executive officer of HUB Northeast. “Our resources
and expertise have dramatically increased within this specialty focus throughout the past
year, and we look forward to utilizing our combined efforts to help our clients and
business partners even more with this great addition.”
Post & Kurtz generated approximately $1 million in revenue in 2005. The newly added
team will report to Thomas Mangan, president of HUB Northeast’s Benefits Division.
Post & Kurtz co-presidents, Tom Agnew and Bill Kuhn, said they are “wholeheartedly
looking forward to joining HUB Northeast. HUB is a highly regarded, recognized name
that has an impressive benefits practice. We are proud to now be a part of the HUB
Terms of the cash transaction were not disclosed.
Headquartered in Chicago, IL, Hub International Limited is a leading North American
insurance brokerage that provides a broad array of property and casualty, reinsurance, life
and health, employee benefits, investment and risk management products and services
through offices located in the United States and Canada.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International Limited. For more information on Mystic Capital, please contact Kevin P.
Donoghue at 212-251-0972 or visit www.mysticcapital.com
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