Hub International Acquires the Assets of Alaska-Based Patterson Insurance Brokers

CHICAGO--(BUSINESS WIRE)-- Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Patterson Insurance Brokers (Patterson). Terms of the acquisition were not disclosed.

Based in Anchorage, Alaska, Patterson specializes in providing commercial lines and employee benefit insurance solutions. Kent Patterson, Patterson’s President, will join Hub Northwest as Vice President Alaska.

Anchorage-based Patterson will serve as a central point for HUB Northwest’s Alaskan operations. Hub currently has four locations in Alaska including offices in Palmer, Anchorage, Kenai and Soldotna.

“The addition of Patterson Insurance Brokers is strategic for our operational plans for Alaska. Kent and his team provide a presence in Anchorage that will allow us to expand in the state’s largest city, as well as provide a center of operations for our expanding presence throughout Alaska,” said Andy Prill, CEO, Hub Northwest. “I’m looking forward to working with Kent as we continue to grow in Alaska.”

“Joining Hub is a great next step for Patterson Insurance Brokers and its staff as we expand our presence in Anchorage and the state. The broad scope of services and insurance solutions that Hub brings are invaluable for our clients and prospects. I am thrilled to be joining a great team and to have the opportunity to contribute to its success,” said Patterson.

About Hub’s M&A Activities

Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.

About Hub International

Headquartered in Chicago, IL, Hub International Limited is a leading 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. For more information, please visit hubinternational.com.

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Hub International Limited

Media: Marni Gordon
Phone: 312-279-4601

Marni.gordon@hubinternational.com

or

M&A: Clark Wormer
Phone: 312.279.4848

Clark.wormer@hubinternational.com

Source: Hub International Limited