Hub International Ltd. said it has acquired Post & Kurtz Inc., an employee benefits insurance brokerage that specializes in serving law firms and other service entities.
Terms of the all cash deal were not released.
The company, formed in 1932, will become part of Hub International Northeast, based in New York. Post & Kurtz generated approximately $1 million in revenue in 2005.
The Chicago-based insurance broker said the newly added team will report to Thomas Mangan, president of Hub Northeast's Benefits Division.
Hub said Tuesday it completed its deal to purchase Fortun Insurance Agency based in Coral Gables, Fla., which it announced in early July. The firm is to be renamed Hub International Fortun, and eventually become Hub International Florida Inc.
Fortun, Hub said, is expected to add approximately $10 million to the firm's annualized revenues.
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