Hub International Acquires CFR

New Regional Hub Platform to Be Formed

CHICAGO--()--Hub International Limited (Hub) announced today that it has acquired CFR, Inc. (CFR), a Tulsa, Oklahoma–based insurance brokerage firm. Terms of the acquisition were not disclosed. The operations will form a new regional Hub called Hub International CFR. Jack Allen, Jr., Chairman, Robert Gardner, CEO, and Trey Biggs, President, will join Hub, reporting to Roy Taylor, President, Western Region, Hub International.

CFR is one of the largest independent insurance agencies in the state of Oklahoma, and is a full service firm offering property and casualty, employee benefits, surety and personal lines products and services. They are the endorsed brokerage of The Oklahoma State Homebuilders Association. Additionally, they work with businesses across many industries, including Non-Profit, Healthcare, Manufacturing, Energy, and Real Estate. Their personal lines group arranges programs for many high net worth individuals. CFR has two locations, in Tulsa and Oklahoma City. In 2012, they were voted as “Best Place to Work in Oklahoma” by okcMagazine.

“CFR has established a well-diversified client roster, providing sophisticated and innovative solutions to its customers,” said Roy Taylor. “Their staff of seasoned professionals will be an excellent addition to our organization and we welcome them to the Hub family. This acquisition realizes our goal of establishing a meaningful operation in Oklahoma.”

Headquartered in Chicago, IL, Hub International Limited is a leading global 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, Canada, Puerto Rico, and Brazil.

Contacts

Hub International Limited
Cara Siegel
Director, Media Relations
Phone: 516-677-4992
Cara.Siegel@hubinternational.com
or
Clark Wormer
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com

Release Summary

Leading insurance brokerage Hub International Limited has announced the acquisition of CFR, based in Tulsa, OK. This transaction will form a new regional Hub platform.

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Contacts

Hub International Limited
Cara Siegel
Director, Media Relations
Phone: 516-677-4992
Cara.Siegel@hubinternational.com
or
Clark Wormer
Director, Mergers & Acquisitions
Phone: 312.279.4848
Clark.Wormer@hubinternational.com