Hub International Limited (Hub), a leading global insurance brokerage, announced that it has acquired the assets of Contractor’s Services, Inc. and Surety Services, LLC . Terms of the acquisitions were not disclosed.
Headquartered in Timonium, Maryland, CSI and SS provide the construction industry a higher level of service by providing bid, performance, supply and payment surety bonds. Both agencies also offer several specialty programs designed specifically for wind and solar, large residential and commercial, and U.S. State Department and government, and international construction. From the placement of every type of surety bond, bond execution, financial counsel, and general consultations, CSI and SS ultimately protect their clients to ensure safe and profitable growth.
“Combining our deep understanding of the unique practices and needs of the construction industry with CSI and Hub, further enhances our ability to protect our clients against the financial impact related to general, commercial, professional, automotive, and site-specific claims,” said Len Callahan, President of CSI.
Steve Johnson, President of SS, added, “And, by joining Hub, we can now also offer our clients innovative insurance solutions to grow and protect their businesses such as reducing their workers’ compensation and employee benefits costs.”
Johnson, Callahan and CSI Vice President Jim Jones, will join Hub Mid-Atlantic and report to Norman Breitenbach, President of Hub Mid-Atlantic.
“All of our clients will benefit from the synergies of this partnership,” said Breitenbach. “Large construction projects are complex and highly competitive, often dangerous, and closely regulated. We’re excited to welcome CSI and SS, premier surety agencies, to strengthen our Hub Mid-Atlantic construction insurance solutions as we continue to expand organically and through strategic mergers and acquisitions.”
About Hub’s M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com