The acquisition, announced today, bolsters Hub’s capabilities in nonprofit and construction commercial insurance as well as employee benefits.
Wyatt Insurance will be referred to as Wyatt Insurance Services, Inc., a Hub International company and Reagan Consulting represented Wyatt Insurance for the transaction.
Wyatt Insurance Services, Inc., headquartered in Knoxville and with a presence in Clarksville, Tennessee, is a well-established independent agency known for its expertise in commercial and personal insurance, risk management, and employee benefits. The transaction, whose terms were not disclosed, is expected to strengthen Hub’s Specialty practices by integrating Wyatt Insurance’s specialized focus areas.
According to Hub International, the acquisition aligns with its strategy to enhance client offerings and expand its market presence in key sectors. Wyatt Insurance’s strong presence in the nonprofit and construction industries will complement Hub’s existing capabilities, allowing for broader service offerings and deeper industry expertise.
“We are excited to have Ashley and his team join Hub,” said Cooper Jones, President of Hub Mid-South. “Wyatt Insurance has a great reputation in the region, and they will help us continue to provide our clients with innovative solutions, quality products and services.”
President Ashley Wyatt, Employee Benefits Advisor and Partner Cliff Horne, and Commercial Risk Advisor and Partner Andy Huddleston, and the Wyatt Insurance team will join Hub Mid-South.
Ashley Wyatt, Principal and Founder of Wyatt Insurance Services also commented, saying: “Our clients were at the forefront of our decision to join Hub due to today’s ever changing insurance environment.”
He added: “We are so thankful for our community’s support over the years, and we are excited to bring world-class resources and expertise with our same local support to the business-owners, non-profits and individuals we serve.”
Source: PR Newswire
