Hub International Expands Footprint with Tennessee Acquisition
Deal News | Mar 10, 2025 | EIN
Hub International, a prominent US-based insurance brokerage, has completed another acquisition in Tennessee by acquiring the books of business of financial advisors Steven Glasgow and Jordan Sibler. With over 25 years of experience in retirement and wealth management services, Glasgow and Sibler will join Hub Mid-South in Nashville. Tony Leonard of MidCap acted as the financial advisor for this transaction, although the financial terms were not disclosed. Hub International's retirement and private wealth president, Joe DeNoyior, expressed excitement about the addition, emphasizing that Glasgow and Sibler's collaborative approach aligns with Hub's mission of providing tailored financial strategies. In a strategic move to expand its geographic presence and expertise, Hub has previously acquired Wyatt Insurance Services in Tennessee and Malloy Imrie & Vasconi Insurance Services in California, bolstering its comprehensive service offerings. Headquartered in Chicago, Hub operates with a robust network of over 650 offices and 19,000 employees across North America.
Sectors
- Insurance and Financial Services
- Retirement and Wealth Management
Geography
- United States – The article focuses on Hub International's acquisition activities within the U.S., specifically in Tennessee.
- Canada – Hub International was originally formed through the merger of Canadian brokerages, indicating its North American roots and international operations.
Industry
- Insurance and Financial Services – This industry is relevant as Hub International operates as an insurance brokerage and financial services provider, focusing on risk management, insurance, employee benefits, retirement, and wealth management.
- Retirement and Wealth Management – Glasgow and Sibler specialize in retirement and wealth management services, highlighting the industry focus of the acquisition.
Financials
- Not Disclosed – The financial terms of the acquisition of Glasgow and Sibler's books of business were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hub International | Buyer | Company | A US-based insurance brokerage and financial services provider headquartered in Chicago, Illinois. |
| Steven Glasgow | Target | Person | Financial advisor with expertise in retirement and wealth management services, whose book of business was acquired by Hub. |
| Jordan Sibler | Target | Person | Financial advisor with expertise in retirement and wealth management services, whose book of business was acquired by Hub. |
| MidCap | Financial Advisor | Company | Acted as the financial advisor for Hub International in this transaction. |
| Wyatt Insurance Services | Target | Company | A Tennessee-based insurance services provider recently acquired by Hub, specializing in commercial and personal insurance. |
| Malloy Imrie & Vasconi Insurance Services (MIV Insurance) | Target | Company | A Napa Valley-based independent insurance company acquired by Hub, offering comprehensive insurance services. |