Hub Announces Fold-In Acquisition Of Innovators Insurance Agencies

Hub International Limited (NYSE/TSX: HBG) today announced the fold-in acquisition of The Innovators Insurance Agencies Ltd. (Innovators) by its regional hub, Hub International Barton Limited (HUB Barton), which services British Columbia, Canada.
Innovators operates primarily in the Kootenay Region of British Columbia and is located in Cranbrook, B.C. Since its founding in 1973, Innovators has become well known for its general insurance expertise. In 2004, Innovators generated revenue of approximately CDN$1 million. Terms of the acquisition were not disclosed.
“Shawn Trimble, president of Innovators, and his team have built a strong reputation and client base in the Kootenay region, specializing in personal, automobile and commercial insurance,” said Jim Barton, president of HUB Barton. “We look forward to a solid contribution from the Trimble team.”
“After establishing a strong track record and solid customer relationships in our region, we are now relishing the opportunity to continue building and growing our business as part of HUB Barton,” said Shawn Trimble, president of Innovators.