NEW YORK, June 22, 2017 /PRNewswire/ -- MidCap Advisors LLC ("MidCap"), a national mergers and acquisition firm based in New York, is pleased to announce that it advised both Rossmann Hurt Hoffman, Inc ("RHH") and Henry M. Murray Agency, Inc. ("HMM"), in connection with the sale of their businesses to Hub International Limited. The terms of the transactions, which closed on May 1st and June 1st, respectively, were not disclosed.
Based in Ellicott City, Maryland, RHH is a multi-lines insurance solutions provider that has been providing services to clients in the Mid-Atlantic region since 1871. Specializing in professional liability coverage and offering a full range of P&C and Employee Benefit products, RHH prides itself on delivering sound advice and knowledge to help their customers choose the appropriate coverage. Norman Breitenbach, Executive Vice President, RHH, will join Hub as President of Hub Mid-Atlantic and report to Charles Brophy, President of Hub New England, Regional President US East.
Based in Annapolis, Maryland, HMM is a multi-lines insurance solutions provider serving the Mid-Atlantic region since 1881. HMM specializes in a variety of marine insurance coverages for marinas, charterers, harbors, ship builders, and other marine businesses. HMM's reputation for quality, value, and innovation was built by their experienced staff and leadership, and solidifies their position as one of the most trusted agents in the region.
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. RHH and HMM will be Hub's first offices in the region and provide a platform for continued growth into the future.
Frank Robertson, Managing Director at MidCap, said "This was an ideal transaction for all parties; Hub was able to expand its footprint and partner with two reputable and experienced agencies, and RHH and HMM were able to maximize their sale transaction through being viewed as a combined platform." He added "We are excited to see the Hub Mid-Atlantic team grow and succeed."
MidCap Advisors is a national middle market mergers and acquisitions firm that has extensive experience representing insurance and financial services firms. MidCap's Principals and Managing Directors have arranged over $2 billion in transactions for clients. For more information, please call Frank Robertson at (212) 722-6893 or see www.midcapadvisors.com.
MidCap Advisors LLC
Frank Robertson, Managing Director at (212) 722-6893
Ryan Sanford, Vice President at (212) 722-6714
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SOURCE MidCap Advisors, LLC