2007 | Press Release

Nov 5, 2007 – Hub International acquires New Jersey based elevator insurance specialist JM Associates, Ltd.

Hub International acquires elevator insurance
specialist JM Associates in New Jersey
Nov 5, 2007 ñ Chicago — Hub International Limited reported that its New York
subsidiary has acquired the assets of JM Associates, Ltd. (JM), an agency that has
specialized in providing casualty insurance for the elevator industry over the past 15
years.
JM’s operation in Fort Lee, New Jersey, including its employees, will become part of Hub
International Northeast and will add $2.5 million in net revenue to the operation,
according to the firm.
The acquisition of JM will provide Hub International with a national insurance program
for the elevator industry, which is closely linked to the real estate industry for which Hub
is already a well-established broker. The company said the elevator program is written
with a major A+, admitted insurance company.
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.
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