JACKSON, Mississippi – Hub International Limited, a global insurance brokerage, risk advisory and employee benefits firm, announced today that its Gulf South division has acquired the assets of Fox/Everett, Inc., one of the largest independently owned insurance agencies in Mississippi.
Terms of the acquisition were not disclosed.
Fox/Everett is a leader in commercial and personal property & casualty insurance brokerage with industry specialists in healthcare, construction, financial services and transportation. Fox/Everett is also recognized as a specialist and leader in employee benefits, third party administration and retirement plan consulting & administration. Fox/Everett’s four Mississippi and Louisiana locations complement Hub Gulf South’s nine established locations throughout Mississippi, Louisiana and Alabama that specialize in many of the same industries, as well as marine and energy.
“Hub Gulf South’s combining with Fox/Everett broadens our service offerings for middle market companies, local market specialization and industry expertise,” Steve Terry, President of Hub Gulf South said in a news release. “Our combined client base throughout the Gulf South region and into Texas and the rest of the Southeast significantly increases our ability to service a larger and more diverse middle market customer base.”
Fox/Everett’s President, Larry Vance, will serve as President of Hub Gulf South’s newly combined Mississippi operations, which include existing offices in Ridgeland, Hattiesburg and Oxford. Vance will also serve on the Hub Gulf South regional executive management team.
Vance said: “Joining the Hub Gulf South team is an exciting step in our nearly 70 years of doing business in Mississippi. Together, we bring an unmatched local market expertise with the strength and resources of Hub’s global capabilities. I’m excited to lead the Mississippi operations to further growth and acquisition in our region.”
The Fox/Everett transaction represents Hub’s 12th completed acquisition in 2014. Hub is dedicated to building a network of local insurance and risk management experts throughout North America.
Headquartered in Chicago, IL, HUB International Limited provides services in the United States, Canada, Puerto Rico and Brazil.