CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Woods Insurance Services, Inc. (Woods Insurance Services). Terms of the transaction were not disclosed.
Headquartered in Farmington, New Mexico, Woods Insurance Services is an independent insurance agency providing commercial and personal insurance and employee benefits services. Their experience in the oil & gas industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.
“We are delighted to welcome Woods Insurance Services to Hub,” said Randy Perkins, President of Hub Southwest. “Their experience and relationships across the region will help us continue our strategic growth and strengthen our offerings and capabilities.”
Lyle Love, Owner & President, and the Woods Insurance Services team, will join Hub Southwest.
“We’re excited for this incredible opportunity to join Hub,” said Love. “Hub is renowned for its client-first mindset and culture of collaboration. We look forward to expanding our resources and services to help our clients’ growing needs.”
Woods Insurance Services will be referred to as Woods Insurance Services, a Hub International company.
MidCap Financial served as financial advisor to Woods Insurance Services.
SOURCE Hub International Limited
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