Hub International Limited has agreed to acquire the assets of KeenanSuggs Insurance Inc., based in South Carolina. Terms of the acquisition were not disclosed. The deal is expected to close on August 1, 2016.
With offices in Columbia, Greenville and Charleston, South Carolina, and Raleigh, North Carolina, KeenanSuggs is a provider of multi-line insurance including property and casualty, personal lines, employee benefits and risk services throughout the Southeast.
Tommy Suggs, president and CEO of KeenanSuggs, will join HUB as president and CEO of the Carolinas region for Hub Southeast, and Mitch Watson, CFO and COO of KeenanSuggs, will also join Hub Southeast’s Carolinas region as COO.
Mike Chapman, CEO, Hub Southeast, described the addition of KeenanSuggs as a “game-changing event” for Hub Southeast and its Carolina presence.
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. Headquartered in Chicago, Hub International Limited is a global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America.
Topics Mergers & Acquisitions
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