Hub continues M&A spree

Full-service agency joins the rapidly expanding group

Hub continues M&A spree

Insurance News

By Ryan Smith

Global brokerage Hub International Limited has announced that it has acquired the assets of Montana-based Glacier Insurance of Libby. The terms of the transaction were not disclosed.

Glacier Insurance of Libby is a full-service independent agency that provides commercial and personal insurance to clients in Montana, Idaho and Washington state. Agency owners Kevin Peck and Kim Peck and their team will join Hub Mountain.

The acquisition expands Hub’s personal and commercial insurance capabilities.

“We are excited to have Kevin, Kim and their team join Hub,” said Brent Irving, president and CEO of Hub Mountain. “They will offer first-rate knowledge and personalized service as we look to continue to grow and provide significant value for clients in the region.”

“Joining Hub gives us access to additional resources and capabilities so that we can continue to provide the highest quality of service to our clients,” said Kevin Peck. “We believe the larger diversity of experiences will provide a very attractive combination for our clients.”

The acquisition is the latest in Hub’s M&A spree. Earlier this month, the company snapped up Louisiana-based Dwight W. Andrus Insurance. In January, it acquired Michigan-headquartered Grace & Porta Benefits.

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