CHICAGO--(BUSINESS WIRE)--Hub International Limited (Hub) announced today that its subsidiary Hub International Midwest Limited (Hub Midwest) has acquired the assets of The Holmes Organisation (Holmes), a Tulsa, Oklahoma-based multi-line property and casualty, employee benefits and personal lines brokerage. Terms of the acquisition were not disclosed.
“Holmes provides Hub Midwest with an expanded footprint in Oklahoma and Arkansas, expertise in key industries, and bench strength in our insurance, risk management consulting, employee benefits and private client divisions,” noted Trey Biggs, President and CEO of Hub Midwest’s Oklahoma operations. “Their highly skilled management team will also strengthen Hub Midwest’s leadership.”
The Holmes team will continue to operate from their existing offices in Tulsa, Oklahoma and Little Rock, Arkansas and will become part of Hub Midwest, establishing Hub Midwest’s fourth location in Oklahoma. Stuart F. DeSelms, President of Holmes, will join Hub Midwest as Executive Vice President and Chief Sales Officer, reporting to Biggs.
“Holmes is excited to be part of Hub and take advantage of resources both in terms of access to an expanded service offering as well as operational and carrier relationship efficiencies,” noted DeSelms. “It’s a great fit for both organizations to build on complimentary property and casualty, personal lines and employee benefits.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit www.WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services through offices located in the North America. For more information visit www.hubinternational.com.
