Hub International Limited has acquired the assets of Cranbrook Bloomfield Insurance Agency (CBIA).
Terms of the transaction were not disclosed.
CBIA, based in Bloomfield Hills, MI, is an independent insurance brokerage that offers personal and commercial insurance, as well as employee benefits solutions. Following the acquisition, CBIA principals John Williamson and Mark Barrett will join Hub Midwest East, a release said.
The deal is the latest in Hub’s ongoing series of acquisitions as part of its organic growth strategy. Just last month, the company acquired two agencies and one brokerage within the span of one week – namely, Hamman-Miller-Beauchamp-Deeble (HMBD), Blair Jarcik Insurance Agency, and SilverStone Group.
Read more: Hub scoops up California agency
HMBD in Long Beach, CA is a full-service insurance agency providing multi-line insurance products. The firm focuses on industries such as construction, healthcare (dental professional liability), and transportation (railroads).
Read more: Hub scoops up another California agency
Blair Jarcik in Novato, CA is another full-service commercial and personal insurance agency.
Read more: Hub snaps up SilverStone Group
SilverStone Group is considered the largest brokerage in Nebraska; its acquisition by Hub opens a new Great Plains regional hub. The brokerage specializes in insurance and surety, risk management, employee benefits services, retirement plans, wealth management and estate planning.