Hub International Limited Acquires Assets of FieldEddy Insurance
CHICAGO — Hub International Limited, a leading global insurance brokerage, announced that it has acquired the assets of FieldEddy Insurance and Your Choice Insurance Agency, servicing the Central and Western Mass. region. Terms of the acquisition were not disclosed.
FieldEddy’s operations will become part of Hub International New England, strategically broadening its current network of offices located primarily in the Eastern Mass./Boston region.
FieldEddy is a full-service property and casualty, personal-lines, and employee-benefits brokerage, with four locations in and around Springfield. The firm’s strengths in the education, healthcare, and energy industries, including oil and gas, complement Hub New England’s expertise. Additionally, Hub New England will broaden FieldEddy’s capabilities with expertise in real estate and non-for-profits, as well as offering a robust risk-services solution and access to an expanded carrier network.
With the FieldEddy acquisition, Hub New England now has 22 offices and almost 500 employees throughout Massachusetts, New Hampshire, and Rhode Island. FieldEddy CEO Samuel Hanmer and President Timm Marini will both join Hub New England’s executive leadership team. Within the region, Hanmer will focus on identifying potential M&A candidates and strategic growth initiatives, while Marini will coordinate sales strategies. They will both report to Charles Brophy, president and CEO of Hub New England.
“FieldEddy is a talented group of producers with a great local-market reputation that gives Hub New England a strong foothold in Central and Western Mass.,” Brophy said. “We see a real opportunity to bring Hub’s carrier relationships and customized, industry-specific risk-services capabilities as value adds to clients for an expanded service offering.”
For more information about Chicago-based Hub International Limited, visit www.hubinternational.com. To learn more about the Hub M&A experience, visit www.wearehub.com.