Chicago-based broker Hub International Limited said it has acquired AssurConseil, S.E.N.C., a Montreal-based insurance broker.
Terms of the deal were not released.
Hub said the 39-employee organization will add approximately $5.5 million Canadian (U.S. $4.9 million) to Hub International's revenue base and will become part of Hub International Quebec Limited. The firm has expertise in both general lines and trucking.
All members of the AssurConseil executive team have management roles in Hub Quebec. The AssurConseil principals who will be joining HUB Quebec include Pierre Charron, Christian Chartier, Pierre Simoneau, Louis-Claude Trudel, Pierre Paquette and Robert Lorange, Hub said.
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