Hub Northeast Acquires Assets of New York’s The B&G Group

Hub International Limited, a global insurance brokerage, has announced that its affiliate, Hub International Northeast Limited, acquired the assets of The B&G Group Inc. Terms of the transaction were not disclosed.

Located in Plainview, N.Y., The B&G Group provides commercial insurance to various industries, including real estate, business services and construction. Additionally, it is a personal insurance broker serving individuals and families.

With The B&G Group, Hub adds more than 100 employees to its Northeast regional presence, bringing the total number of employees in Long Island to 350. Evan Bower, president of The B&G Group, will join Hub Northeast and report to Doug Schenendorf, president of Hub’s Long Island division.

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.

Headquartered in Chicago, Ill., Hub International Limited is a full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services.

Source: Hub International Limited

Topics Mergers & Acquisitions New York