CHICAGO--(BUSINESS WIRE)--Hub International Limited (Hub), a leading global insurance brokerage, announced today that its Chicago-area region Hub International Midwest (Hub Midwest) has acquired substantially all of the assets of Wisconsin-based Murphy Group Holdings and its subsidiaries (Murphy). Terms of the acquisition were not disclosed. Murphy is a multi-line insurance brokerage located near Madison, Wisconsin.
The Murphy team will continue to operate from their current Madison-area locations in Waunakee and Waukesha. Hub Midwest currently has offices in Milwaukee and Sheboygan, Wisconsin.
“As a former alumni of the University of Wisconsin-Madison and an active member of the Board of Directors of the National W Club, I’m excited to see a Madison-area firm like Murphy join our organization,” noted Scott M. Wick, Chief Sales Officer for Hub Midwest. “There are great organizations in Madison and we’re excited to have a presence there to bring expanded insurance and risk solutions to.”
August Felker, Murphy’s CEO, will continue to lead the team locally and report to Neil Hughes, President of Hub Midwest’s Chicago-area region.
“The Murphy Group is a long-standing member of the Wisconsin community and provides Hub with a great opportunity to continue its expansion in the state,” noted Hughes. “They’ve experienced inspiring organic growth under August’s leadership the past few years that we hope to continue and build on.”
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 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 hubinternational.com.