2012 | Press Release

May 2, 2012 – Hub International acquires Knauff Insurance Agency

HUB INTERNATIONAL ACQUIRES KNAUF INSURANCE AGENCY
CHICAGO – May 2, 2012 – Hub International Limited (Hub) announced today that it has
acquired Knauff Insurance Agency, Inc. (Knauff), a Charlotte, North Carolina-based
insurance brokerage firm. Terms of the acquisition were not disclosed. The Knauff
operation will become part of Hub International Southeast (Hub Southeast) and will
continue to operate out of its existing office in Charlotte. James W. (“Skip”) Knauff,
President of Knauff, will join Hub Southeast and will report to Allison Rhyne, President,
Hub Southeast.
Knauff was founded in 1969 and is recognized as one of the largest independent
insurance agencies in the Carolinas. As a full service agency, Knauff offers a diverse
array of commercial property and casualty, individual property and casualty, surety
bonds, and life and health products and services to a diverse client base throughout North
Carolina, South Carolina and Georgia. With over four decades of experience, Knauff is
particularly known for its expertise in serving the insurance and risk management needs
of the construction, education, and manufacturing industries and regularly hosts client
workshops in partnership with Charlotte community leaders. Knauff will now be able to
offer their customers additional products, market relationships, and services as part of the
tenth largest global insurance brokerage firm. This acquisition will significantly increase
Hub Southeast’s presence in the Carolinas by adding Charlotte to its existing locations in
Burlington, NC, Charleston, Columbia, Hilton Head, Bluffton, Myrtle Beach and
Florence, SC.
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance
brokerage that provides a broad array of property and casualty, life and health, employee
benefits, investment and risk management products and services through offices located
in the United States, Canada and Brazil.
Mystic Capital Advisors Group, LLC provided transaction advisory services to Knauff.
For more information on Mystic Capital, please contact Kevin P. Donoghue at 212-251-
0972 or visit www.mysticcapital.com .
# # #

Similar Posts