CHICAGO — Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Midland Agency Insurance Corporation (Midland Agency Insurance). Terms of the transaction were not disclosed.
Based in Columbia, South Carolina, Midland Agency Insurance provides commercial and personal insurance, and specializes in the agribusiness industry, which supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.
“Midland Agency Insurance’s experience and capabilities will further strengthen our services in the region, especially in the agribusiness sector, by adding even more value to our clients who trust Hub to help them protect what matters most,” said Tommy Suggs, President and CEO for Hub Carolinas region.
Matthew Flemming, President and Owner of Midland Agency Insurance, and the Midland Agency Insurance team will join Hub Carolinas.
“With Hub, we look forward to expanding our resources and services to continue to grow our business and deliver even more value to our clients,” said Flemming.
Miller Cooper served as financial advisor to Midland Agency Insurance in the transaction.
Source: Hub International
“Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.”
