NU Online News Service, Dec. 9, 1:20 p.m.EST
|Hub International Ltd. said it has acquired the assets ofGlendive, Mont.-based insurance brokerage firm Associated InsuranceManagers, Ltd. Financial terms were not released.
|Chicago-based Hub brokerage said AIM was founded in 1968 and hasfour locations in Montana. Hub declined to release furtherinformation about AIM.
|The brokerage said the AIM team will become part of the HubMountain States operation and will continue to operate from theircurrent offices. The acquisition, said Hub, will expand itspresence into a new territory between Billings, Mont., andBismarck, N.D., where AIM has a major presence.
|Tim Barnes, president of Hub Mountain States, said in astatement, "By adding this talented group of professionals to ourgrowing number of strategic offices we will increase our ability toexplore the many opportunities for energy firms and beyond thatexist in this region. AIM's impressive organic growth in recentyears and top-notch staff will make them a wonderful addition toour operation."
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