Hub International Transportation Insurance Services Inc. (HUB Transportation) acquired Templeton Southwest Insurance Agency Inc. and Templeton Southwest of Houston Insurance Agency Inc. (Templeton), according to an announcement released by HUB. San Antonio-based Templeton is an insurance brokerage specializing in commercial trucking insurance services.
The announcement noted that Templeton has approximately $3.3 million in annualized revenue. Dennis Templeton, president and founder, will become vice president of HUB Transportation’s Texas-based operations. Templeton, an insurance veteran with more than 25 years of industry experience, founded his company in 1982.
The Templeton acquisition marks Chicago-based HUB International’s second foray into the Texas market. HUB International recently announced it has entered into a definitive agreement to acquire The Rigg Group Inc. (Rigg), with offices in Dallas, Houston and Fort Worth.
Source: HUB International, www.hubinternational.com.
Topics Mergers & Acquisitions Texas Agencies
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