Hub International Ltd. has acquired the assets of Elk Grove, Calif. The Ponce de Leon Insurance Group Inc., dba Colton Insurance Associates.
Terms of the deal were not disclosed.
The Colton team will join Hub’s Sacramento operations reporting to Rob McVicar, executive vice president of HUB California.
Colton specializes in personal lines insurance solutions.
Chicago, Ill.-based Hub is an insurance brokerage that provides property/casualty, life and health, employee benefits, investment and risk management products and services.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
IBM Agrees to Pay Government $17 Million in DEI Settlement 
Convicted Insurance Mogul Lindberg Should Pay $1.6B Restitution to Companies 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
