Chicago-based broker Hub International Limited announced that its largest Canadian operation, Barton Insurance Brokers Ltd. (Barton) of Chilliwack, British Columbia, has purchased the assets of H & H Insurance Services Ltd. (H & H) of Chetwynd, BC.
“H & H, with annual revenue of approximately US$320,000 (Cdn$500,000), arranges primarily auto coverage and personal insurance,” said the announcement. Its operations will be folded into Barton.
Discussing the transaction, R. Craig Barton, President and CEO of Barton and President of Hub’s Canadian Operations, commented that the H & H purchase was a step in the continuing expansion of Hub’s British Columbia base. “This acquisition is a good strategic fit for Hub. It complements Barton’s existing book of business and bolsters Hub’s strength in the region.”
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