The Hub Group Ltd., based in Toronto, has signed a letter of intent to acquire C.J. McCarthy Insurance Agency of Boston, Mass. The agency was founded by the McCarthy family in 1867 and has annual commission revenue of roughly $12 million. Hub Group will issue common shares in partial consideration of the purchase price on closing, subject to regulatory approval. The closing is anticipated to be completed on or about May 15.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Wall Street Pushes Back After Activists Escalate Protests 
Man Admits to Tracking Drivers, Programming Keys, Stealing and Reselling Vehicles 
FM Global Rebrands As FM 
Allstate Reports Second Quarter Pretax Catastrophe Losses of $2.1B 
