Chicago-based global insurance broker Hub International Limited has acquired the assets of FieldEddy, a property/casualty, personal lines and employee benefits brokerage with four locations in and around Springfield, Massachusetts. Terms of the acquisition were not disclosed.
FieldEddy has two divisions — Field Eddy Inc. and Your Choice Insurance Agency Inc. — that serve the Central and Western Massachusetts area. Hub International said FieldEddy’s operations will become part of Hub New England and broaden Hub New England’s current network of offices located primarily in the Eastern/Boston region.
With the FieldEddy acquisition, Hub New England now has 22 offices and almost 500 employees throughout Massachusetts, New Hampshire and Rhode Island.
Hub International said FieldEddy’s strengths in the education, healthcare and energy industries, including oil and gas, would complement Hub New England’s expertise.
FieldEddy’s CEO Samuel Hanmer and President Timm Marini will both join Hub New England’s executive leadership team. Within the region, Hanmer will focus on identifying potential M&A candidates and strategic growth initiatives, while Marini will coordinate sales strategies. They will both report to Charles Brophy, president and CEO of Hub New England.
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