Transaction to expand Hub's presence in seven new Canadian locations
Hub International has acquired Mones & Associates Insurance Brokers (Mones), a personal and commercial insurance brokers company in Canada, from Aviva Canada. Mones also operates under the name of Arctic Insurance Brokers in select markets.
The company said that as a result of this acquisition, it will expand its operations to seven new locations in Canada that include, Edmonton, Calgary, Saskatoon, Prince Albert, Iqaluit, Whitehorse and Yellowknife.
Jim Barton, president of Canada & Midwest Regions for Hub, said: “This acquisition is a major step in our strategy to increase our presence in Western and Northern Canada.
“We are excited to welcome the Mones employees to our team. Mones has developed a strong and loyal customer base by continually exceeding its clients’ expectations. Given their stellar reputation in the communities they serve, their strong commitment to customer service, and robust revenue growth over the years, they are an excellent fit for the Hub organization. We look forward to continuing to serve Mones’ clients and providing them with the value-added resources that Hub offers.”
Randy Stafford, chief operating officer of Mones, said: “the Mones philosophy includes understanding our clients’ businesses, striving to exceed their expectations, and emphasizing quality and integrity throughout our company. We are pleased to join Hub and look forward to expanding our presence in the communities we serve while continuing to build upon our commitment to excellent client service.”