HUB International, which is backed by Hellman & Friedman, has acquired the assets of California-based Costello & Sons Insurance Brokers, which specializes in commercial lines insurance for technology, venture capital and private equity firms. No financial terms were disclosed.
CHICAGO, Oct. 5, 2017 /PRNewswire/ — Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Costello & Sons Insurance Brokers, Inc. (CSI). Terms of the acquisition were not disclosed.
With offices in San Rafael, San Francisco, Irvine, Santa Barbara and Walnut Creek, California, CSI specializes in commercial lines insurance for technology, venture capital and private equity firms as well as private client services. Bryan Costello, CEO of CSI, will join Hub California and report to Kirk Christ, President, Hub California.
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, visit WeAreHub.com.
About Hub International
Headquartered in Chicago, IL, 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.