Hub International Limited has acquired the assets of Harris, Madden, Powell, Stallings & Brown, Inc. (HMP).
Terms of the deal were not disclosed.
Based in Memphis, TN, HMP is an independent, full-service commercial, surety, employee benefits and personal lines agency. A release said that HMP focuses on the construction, distribution, manufacturing, and healthcare practices, as well as alternative risk solutions.
HMP’s leadership team – Mark Harris, Jay Madden, Rick Powell, Ric Stallings, Keith Brown, Wally Jones, Cooper Permenter, and Blake Dickens – and all of its full-time employees will remain in their existing offices in Memphis and Oxford, MS.
“We are excited to welcome HMP to Hub as we continue to build on our momentum of growth in the region,” said Hub Mid-South president Cooper Jones. “This major acquisition in west Tennessee is an important component of our expansion in Hub Mid-South, which includes operations in Tennessee and Kentucky.”
“We are thrilled to join forces with Hub,” commented Mark Harris of HMP. “Our employees and clients are always our main focus. With Hub, we will provide more opportunities for our team, and enhanced resources and value-added services to our clients here in west Tennessee and the Mid-South region.”
“Hub is a respected firm with an excellent reputation in the industry,” added Jay Madden of HMP. “We look forward to providing our clients with service enhancements and greater resources.”