Chicago-based Hub International Limited has acquired the Managing General Agency assets of Falkenberg Agencies Ltd., a British Columbia-based agency specializing in life and investment products.
Terms of the transaction were not disclosed.
Hub’s bulletin said “the existing brokers at Falkenberg will continue to do business with HUB Financial.”
HUB Financial President, Terri DiFlorio described the acquisition as a “terrific opportunity,” which would permit HUB to expand “our BC operation,” Mainly through broadening “the products available to Falkenberg which will create opportunity for all of us.”
Source: HUB – www.hubinternational.com
Topics Mergers & Acquisitions Agencies
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