• Sat. May 14th, 2022

Hub International acquires assets of Maryland-based Contractor’s Services, Inc. and Surety Services, LLC

CHICAGO, Dec 5 2017 / PRNewswire / – Hub International Limited (Hub), a leading global insurance brokerage company, today announced that it has acquired the assets of Contractor’s Services, Inc. (“CSI”) and Surety Services, LLC (“SS “). Terms of the acquisitions were not disclosed.

Based at Timonium, Maryland, CSI and SS provide the construction industry with a superior level of service by providing bid, performance, supply and payment bonds. The two agencies also offer several specialty programs designed specifically for wind and solar, large residential and commercial construction, the Department of State and United States government, and international construction. From the placement of any type of surety bond, bond enforcement, financial advice and general consultation, CSI and SS ultimately protect their clients to ensure safe and profitable growth.

“Combining our in-depth understanding of the unique practices and needs of the construction industry with CSI and Hub further enhances our ability to protect our clients from the financial impact of general, commercial, professional, automotive and specific claims. site ”, said Len callahan, president of the CSI.

Steve johnson, President of SS, added, “And, by joining Hub, we can now also offer our clients innovative insurance solutions to grow and protect their businesses, such as reducing their workers compensation costs and ‘social advantages. “

Johnson, Callahan and Vice President of CSI Jim jones, will join Hub Mid-Atlantic and report to Norman Breitenbach, President of Hub Mid-Atlantic.

“All of our customers will benefit from the synergies of this partnership,” said Breitenbach. “Large construction projects are complex and highly competitive, often dangerous and tightly regulated. We are delighted to welcome CSI and SS, leading surety agencies, to strengthen our Hub Mid-Atlantic construction insurance solutions as we continue our organic and strategic expansion. Mergers and Acquisitions.”

About Hub’s merger and acquisition activity
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 M&A Hub experience, visit WeAreHub.com.

About Hub International
Based at Chicago, Illinois, Hub International Limited is a global leader in insurance brokerage providing risk and damage management, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. North. For more information, please visit hubinternational.com.

CONTACT:

Media: Marni gordon
Telephone: 312-279-4601
[email protected]
Mergers and Acquisitions : Clark wormer
Telephone: 312.279.4848
[email protected]

SOURCE Hub International Limited

Related links

http://www.hubinternational.com


Source link

Leave a Reply

Your email address will not be published.