Hub International Expands Gulf South Operations with Acquisition of Skinner & Co.

Hub International, a global insurance brokerage, has acquired Skinner & Co., a brokerage based in Georgia, to enhance its commercial coverage and risk management services. Financial details were not disclosed. Todd Skinner and his team will join Hub Gulf South and continue under the Skinner & Company, a Hub International company, brand. Hub's continued expansion includes four recent U.S. acquisitions.

Hub International, a leading global insurance brokerage, has recently expanded its commercial coverage and risk management services with the acquisition of Skinner & Co., a well-established brokerage based in Georgia [1]. This strategic move comes as part of Hub's ongoing efforts to broaden its reach and enhance its offerings.

Skinner & Co., which has been operational for several years, specializes in providing commercial coverage, performance bonds, and risk management services to clients in the region [2]. The acquisition of this brokerage will enable Hub to expand its footprint in Georgia and strengthen its position in the Southeastern United States.

Todd Skinner and his team, who have been instrumental in building Skinner & Co.'s reputation in the industry, will join Hub Gulf South and continue to operate under the Skinner & Company brand [2]. This move is expected to provide Hub with valuable expertise and resources, enabling it to better serve its clients in the region.

Hub, which is headquartered in Chicago and has over 17,000 employees in North America, has been actively expanding its business through acquisitions. In June alone, the company announced at least four U.S. acquisitions [2]. These deals are part of Hub's broader strategy to grow its business and expand its offerings to meet the evolving needs of its clients.

The financial terms of the acquisition were not disclosed [1]. However, given Hub's ongoing expansion efforts, it is clear that the company is committed to investing in businesses that can help it achieve its long-term goals.

In conclusion, Hub International's acquisition of Skinner & Co. is an important step in the company's ongoing efforts to expand its commercial coverage and risk management services. This strategic move is expected to enable Hub to better serve its clients in Georgia and the Southeastern United States, while also contributing to the company's broader growth efforts.

References:

[1] Hub International. (2024). Hub International Acquires Skinner and Company, Inc. in Georgia. Retrieved from https://www.hubinternational.com/media-center/press-releases/2024/07/hub-international-acquires-skinner-and-company-inc-in-georgia/

[2] Insurance Journal. (2024). Hub International Acquires Georgia-Based Skinner & Co. Retrieved from https://www.insurancejournal.com/news/southeast/2024/07/03/782218.htm