Schwartz & Co. is pleased to announce that Cranbrook Bloomfield Insurance Agency LLC (“CBIA”) has been acquired by Hub International Limited (“Hub”). Terms of the transaction were not disclosed. Agency principals John Williamson and Mark Barrett will join Hub Midwest East. Schwartz & Co. acted as the exclusive investment banking advisor to CBIA in this transaction.
Headquartered in Bloomfield Hills, Michigan, CBIA is an independent insurance brokerage providing personal and commercial insurance and employee benefits solutions to individuals and businesses.
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. With more than 11,000 employees in offices located throughout North America, Hub’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.