Jun 3, 2014 – Hub International acquires Mississippi based Fox Everett
Hub International acquires Mississippi based Fox Everett
CHICAGO & JACKSON, Miss.–(BUSINESS WIRE)–Hub International Limited (Hub),
a leading global insurance brokerage, risk advisory and employee benefits firm,
announced today that its Hub International Gulf South division (Hub Gulf South) has
acquired the assets of Fox/Everett, Inc., one of the largest independently owned insurance
agencies in Mississippi and one of the Southeast’s most successful insurance brokerage
firms. Terms of the acquisition were not disclosed. The combining of these two
brokerage firms further demonstrates Hub’s continued commitment to expanding in both
Mississippi and the larger Gulf South region.
Fox/Everett is a leader in commercial and personal property & casualty insurance
brokerage with industry specialists in healthcare, construction, financial services and
transportation. Fox/Everett is also recognized as a specialist and leader in employee
benefits, third party administration and retirement plan consulting & administration.
Fox/Everett’s four Mississippi and Louisiana locations complement Hub Gulf South’s
nine established locations throughout Mississippi, Louisiana and Alabama that specialize
in many of the same industries, as well as marine and energy.
“Hub Gulf South’s combining with Fox/Everett broadens our service offerings for middle
market companies, local market specialization and industry expertise,” commented Steve
Terry, President of Hub Gulf South. “Our combined client base throughout the Gulf
South region and into Texas and the rest of the Southeast significantly increases our
ability to service a larger and more diverse middle market customer base.”
Fox/Everett’s President, Larry Vance, will serve as President of Hub Gulf South’s newly
combined Mississippi operations, which include existing offices in Ridgeland,
Hattiesburg and Oxford. Vance will also serve on the Hub Gulf South regional executive
Larry Vance, President of Fox/Everett noted, “Joining the Hub Gulf South team is an
exciting step in our nearly 70 years of doing business in Mississippi. Together, we bring
an unmatched local market expertise with the strength and resources of Hub’s global
capabilities. I’m excited to lead the Mississippi operations to further growth and
acquisition in our region.”
The Fox/Everett transaction represents Hub’s 12th completed acquisition in 2014. Hub is
dedicated to building a network of local insurance and risk management experts
throughout North America.
Headquartered in Chicago, IL, HUB International Limited is a leading global insurance
brokerage firm offering property and casualty and personal insurance, and risk advisory
and employee benefits services for thousands of middle-market companies. It provides
these services through a network of geographically localized specialist offices with
industry expertise throughout the United States, Canada, Puerto Rico and Brazil. For
more information go to www.hubinternational.com.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Hub
International. For more information on Mystic Capital, please contact Lorna Gunnersen
at 303-993-5652 or visit www.mysticcapital.com .
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