Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the stock of Fotek Insurance Agency Inc., a New Jersey-based employee benefits brokerage. Terms of the acquisition were not disclosed.
The Fotek operations will remain in Wall, New Jersey, and will become part of Hub Northeast’s network of 15 locations and more than 650 employees throughout New York, New Jersey, Connecticut, Pennsylvania and Rhode Island.
James Foglio, Fotek’s president, will join Hub as senior vice president and report to Joe Torella, Hub’s president, eastern region, employee benefits.
Based in Chicago, Hub International Limited is a global insurance brokerage that provides property/casualty, life and health, employee benefits, investment and risk management products and services through offices located in the United States and Canada.
Topics Mergers & Acquisitions New Jersey
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