2007 | Press Release

Aug 6, 2007 – Hub International acquires Jacobs & Jacobs – Expands Presence on Long Island

Hub International Acquires Jacobs & Jacobs, Inc. ñ
Expands Presence on Long Island
CHICAGO — Aug 6, 2007 — Hub International Limited announced today that it has
acquired certain assets of Jacobs & Jacobs, Inc. (J&J), a North Shore Risk Management
company. J&J’s operations became part of Hub International Northeast (HUB Northeast),
expanding this operation’s current presence in the Long Island, New York area.
Currently based in Roslyn Heights, New York, J&J is a full-service brokerage firm which
employs 12 professionals, all of whom work at this location. The firm has a large client
base within the real estate, manufacturing and restaurant industries. Over the course of
the next several months, the team will be relocating to HUB Northeast’s current Long
Island office, based in Woodbury. The agency, which was founded in 1928, has
maintained a strong presence on Long Island over the past eight decades and was
previously managed by Robert Jacobs, president, and Ron Lewis, vice president. They
will now report directly to Douglas Schenendorf, president, Long Island Operations of
HUB Northeast.
“We are very excited to welcome the J&J team to the Hub International organization,”
said Douglas Schenendorf. “They have built many strong relationships within the Long
Island business community and throughout the New York metro area, while establishing
a solid reputation in the marketplace. We are confident that with their experience and
industry knowledge, Robert, Ron, and their team will be wonderful additions to our
team.”
“On behalf of the staff at J&J, we are extremely enthusiastic to have joined the Hub
International organization and become a part of one of the nation’s top insurance
brokerages,” said Robert Jacobs. “As part of the Hub International team, we look forward
to expanding our client offerings by bringing more value-added services and resources to
the table.”
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.
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