Mar 10, 2008 – Hub International acquires Flynn Agency
HUB INTERNATIONAL ACQUIRES FLYNN INSURANCE
Forms One of the Largest Insurance Agencies in the Northern Mountain Region
March 10, 2008 – Hub International Limited announced today that Hub International
Mountain States Limited (HUB Mountain States) has acquired Flynn Insurance Agency
(Flynn), a Montana agency with annual revenues of $6,000,000. Both Flynn and Hub
Mountain States currently have offices in Great Falls, Billings and Missoula, MT. An
integration of the offices in each location is being considered. With this acquisition,
HUB Mountain States becomes one of the largest insurance brokers in Montana.
One of Montana’s oldest and most respected insurance agencies, Flynn was started by
the Flynn family in the late 1920’s. The family retained ownership until 1997 when the
agency was sold internally to a group of employees. Flynn currently has 46 employees
managing a diverse book of business that is primarily commercial. The agency is
particularly strong in heavy construction and is one of the top two surety bond agencies
Tim Barnes, President of HUB Mountain States, enthused that “Flynn’s operations
complement our current structure and their co-location in our targeted growth areas of
Great Falls, Billings and Missoula will enhance our position and effectiveness in all
three cities. Flynn’s expertise in heavy construction and surety combined with our
strength in residential construction gives us a very strong presence in Montana’s
Flynn is excited about becoming part of HUB International because “it expands the
value-added services and resources available to our clients and provides them a one-stop
shop for all their insurance needs, ” said Tom Sidor, President of Flynn.
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. For more information on Mystic Capital, please contact Kevin P.
Donoghue at 212-251-0972 or visit www.mysticcapital.com.