HUB Reveals British Columbia Acquisition
|NU Online News Service, Nov. 2, 11:12 a.m.EST?Hub International Limited announced that its Canadianlife and financial services wholesale brokerage firm, Hub FinancialInc., has acquired TILCO Financial Services Ltd. of Victoria,British Columbia, Canada.[@@]
|Terms of the cash transaction were not disclosed.
|The Chicago-based broker said TILCO has been a major client ofthe Toronto-based Hub Financial since Tilly Enriquez founded TILCOin 1993. TILCO produced revenue of approximately $415,000 ( U.S.)in 2003. TILCO operations will report to Terri DiFlorio, presidentof Hub Financial.
|Hub said the acquisition provides a platform for furtherexpansion of Hub Financial's wholesale brokerage operations onVancouver Island, Canada.
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