Hub International Limited – a leading global insurance brokerage and financial services firm – announced that it has acquired the assets of Woods Insurance Services. The terms of the deal were undisclosed.
Based in Farmington, New Mexico, Woods Insurance Services is an independent insurance agency providing commercial and personal insurance and employee benefits services. And their experience in the oil and gas industry supports Hub’s Specialty practices by complementing and strengthening its existing capabilities.
Woods Insurance Services will be referred to as Woods Insurance Services, a Hub International company. And MidCap Financial served as financial advisor to Woods Insurance Services.
KEY QUOTES:
“We are delighted to welcome Woods Insurance Services to Hub. Their experience and relationships across the region will help us continue our strategic growth and strengthen our offerings and capabilities.”
– Randy Perkins, President of Hub Southwest
“We’re excited for this incredible opportunity to join Hub. Hub is renowned for its client-first mindset and culture of collaboration. We look forward to expanding our resources and services to help our clients’ growing needs.”
– Lyle Love, Owner & President, and the Woods Insurance Services team, who will join Hub Southwest.