Hub International Limited has announced that its New York-based wholesale insurance division, Program Brokerage Corporation (PBC), has acquired, for an undisclosed amount of cash and Hub stock, the assets of B. & D.A. Weisburger Inc. of White Plains, N.Y. The acquired company, family owned since its founding in 1915, offers pest control and lawn care coverage programs to other agents and brokers as well as retail clients. The firm, with annual revenues of approximately $3 million, will remain in White Plains.
Weisburger has the endorsement of the National Pest Management Association and has also been chosen by the Professional Lawn Care Association of America to provide insurance services to its members. Michael A. Weisburger, president and majority owner of the business, will become a vice president at PBC, reporting to Marc I. Cohen, PBC president.
Hub International has 11 brokerages in its network with market representation in the U.S. and Canada.
Topics Mergers & Acquisitions
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